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Stock impact report

Why Is Compass (COMP) Stock Rocketing Higher Today [Yahoo! Finance]

Anywhere Real Estate Inc., (HOUS) 
Company Research Source: Yahoo! Finance
all-stock acquisition of Anywhere Real Estate, a major consolidation in the residential real estate brokerage industry. The two companies began operating as a combined business named Compass International Holdings, led by Compass founder and CEO Robert Reffkin. The deal aimed to bring respected brands and agents onto a single, modern technology platform to help them grow their businesses and better serve clients. Alongside the merger, Compass issued $1.0 billion in Convertible Senior Notes. The proceeds were primarily used to repay existing debt from Anywhere Real Estate and cover costs related to the merger. The closing of the deal followed the approval of shareholders from both companies. Is now the time to buy Compass? Access our full analysis report here, it's free Compass's shares are very volatile and have had 23 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundame Show less Read more
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