Anywhere Real Estate Inc. Completes Merger with Compass, Delists from NYSE

summarizeSummary

Anywhere Real Estate Inc. has completed its merger with Compass, Inc., becoming a wholly-owned subsidiary, leading to the delisting of its common stock from the NYSE and termination of its public reporting obligations.

check_boxKey Events

• Merger Completion

  Anywhere Real Estate Inc. completed its merger with Compass, Inc., becoming a wholly-owned subsidiary of Compass.

• Share Conversion

  Each share of Anywhere common stock was converted into the right to receive 1.436 shares of Compass Class A common stock.

• Delisting and Deregistration

  Anywhere's common stock has ceased trading on the NYSE and will be delisted, with the company intending to terminate its SEC reporting obligations.

• Board Resignations

  All previous directors of Anywhere Real Estate Inc. resigned, and new directors from Merger Sub were appointed.

auto_awesomeAnalysis

The completion of the merger with Compass, Inc. marks the end of Anywhere Real Estate Inc.'s existence as an independent publicly traded company. Shareholders of Anywhere Real Estate Inc. will receive 1.436 shares of Compass Class A common stock for each of their Anywhere shares. This event fundamentally alters the investment landscape for Anywhere shareholders, as their investment is now in Compass, and Anywhere's stock will no longer trade on the NYSE. The company's board of directors has resigned, and its corporate governance documents have been amended to reflect its new status as a subsidiary.