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Stock impact report

Compass Inc (COMP) Climbs to 4-Year High as Shareholders OK $10-Billion Anywhere Merger [Yahoo! Finance]

Anywhere Real Estate Inc., (HOUS) 
Company Research Source: Yahoo! Finance
Compass bounced back on Wednesday to hit a new four-year high, as investors cheered progress on its planned $10-billion all-stock merger with Anywhere Real Estate Inc., paving the way for the looming completion of the deal. At intra-day trading, the stock jumped to its highest price of $12.58 before trimming gains to finish the day just up by 9.33 percent at $11.84 apiece. Photo by AS Photography on Pexels In a statement, Compass Inc. (NYSE:COMP) said that 99 percent of the votes cast at its special stockholders' meeting voted to approve its merger with Anywhere Real Estate, while the latter also secured 72.4 percent approval from its own shareholders. "We are pleased with the strong support from our and Anywhere's stockholders in approving this transaction. Today's outcome reflects confidence in our shared vision to empower real estate professionals with everything they need to grow their business and better serve their clients,” said Compass Inc. (NYSE:COMP) CEO Robert Reff Show less Read more
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