Real Brokerage Shareholders Approve $880M RE/MAX Merger with 99% Vote
REAX sits 58% above its 52-week low of $1.55.
Summary
Real Brokerage and RE/MAX Holdings securityholders approved their $880 million merger at special meetings held today. The deal is expected to close in the next couple of weeks, subject to final court approval.
Key Events · M&A and Partnerships · REAX
-
Shareholder Vote Approves Merger
Real shareholders approved the arrangement with 99.01% of votes cast in favor (134,411,565 for vs 1,339,216 against). Combined securityholder vote was 98.91% in favor.
-
RE/MAX Stockholders Approve
Approximately 78.8% of RE/MAX Holdings voting power voted to approve the acquisition.
-
Closing Expected Within Weeks
Transaction remains subject to final order of the Supreme Court of British Columbia; closing expected in the next couple of weeks.
-
Combined Company Scale
Real REMAX Group will support over 180,000 real estate professionals across 120+ countries, with pro forma 2025 revenue of $2.3 billion and Adjusted EBITDA of $157 million.
Analysis · REAX · Real Estate & Construction
Real Brokerage shareholders overwhelmingly approved the $880 million acquisition of RE/MAX Holdings, with 99.01% of votes cast in favor. RE/MAX stockholders also approved the deal with 78.8% of voting power. The transaction now awaits final court approval and is expected to close within weeks, creating Real REMAX Group with over 180,000 agents and $2.3 billion in pro forma revenue.
At the time of this filing, REAX was trading at $2.45 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $526.1M. The 52-week trading range was $1.55 to $5.41. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.