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-0.000844832441565788 0.000281610813855196 -0.00197127569698677 -0.0104196001126445 -0.00957476767107866 0.00527175443537024 -0.0070402703463813 -0.0171782596451706
Stock impact report

Compass (COMP) Shares Skyrocket, What You Need To Know [Yahoo! Finance]

Anywhere Real Estate Inc., (HOUS) 
Company Research Source: Yahoo! Finance
cleared a significant regulatory hurdle, overshadowing news of a large debt offering. The company disclosed that the Hart-Scott-Rodino antitrust waiting period for the merger had expired, signaling that U.S. regulators did not move to challenge the deal. This removed a major procedural obstacle for the acquisition to proceed. The positive development outweighed another major announcement from the company about its intent to offer $750 million in convertible senior notes. While such offerings can sometimes pressure a stock due to the potential for future share dilution, investors focused on the increased likelihood of the merger's completion. Compass noted that the proceeds from the offering were intended to be used for general corporate purposes, including the repayment of debt at Anywhere Real Estate once the merger closes. Is now the time to buy Compass? Access our full analysis report here Compass's shares are very volatile and have had 22 moves greater than 5% over the last Show less Read more
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