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News  ›  Benzinga

Compass Completes Landmark Anywhere Merger, Stock Soars

Benzinga Logo Benzinga By Akanksha Bakshi
Compass Completes Landmark Anywhere Merger, Stock Soars

Compass Inc. (NYSE:COMP) completed its all-stock merger with Anywhere Real Estate Inc., creating Compass International Holdings valued at approximately $10 billion. The combined company now supports 340,000 real estate professionals across 120+ countries, with Compass shareholders owning 78% and Anywhere shareholders 22%. The merger is expected to deliver over $225 million in annual cost synergies. Compass stock rose 7.79% to $13.21, reaching a new 52-week high. The company also announced a $750 million convertible senior notes offering.

Insights
COMP   positive

Stock surged 7.79% to a new 52-week high following successful merger completion. The deal creates significant scale with 340,000 professionals globally, expected $225M+ in annual cost synergies, improved cash flow, and strengthened balance sheet. CEO's optimistic messaging about combining respected brands on modern technology platform reinforces positive outlook.