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Stock impact report

Anywhere Real Estate (HOUS) Soars to 3-Year High on $10-Billion Merger Approval [Yahoo! Finance]

Anywhere Real Estate Inc., (HOUS) 
Company Research Source: Yahoo! Finance
Anywhere Real Estate climbed to a new three-year high on Wednesday, as investors took heart from the developments on its $10-billion planned merger with Compass Inc., paving the way for the looming completion of the deal. At intra-day trading, Anywhere Real Estate Inc. (NYSE:HOUS) jumped to its highest price of $18.03 before trimming gains to finish the day just up by 17.85 percent at $17.03 apiece. Photo by Kindel Media on Pexels This followed announcements on the same day that the two companies secured an overwhelming approval from their shareholders for their proposed all-stock merger. In a joint statement, Anywhere Real Estate Inc. (NYSE:HOUS) and Compass Inc. said that 72.4 percent and 99 percent, respectively, of the cast votes during their special shareholders' meetings have voted in favor of their planned merger. The deal is targeted for completion on Friday, January 9. In line with the approval, Compass Inc. would raise $750 million in fresh funds from the issuan Show less Read more
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