Domain Holdings Australia Enters Acquisition Agreement with CoStar

An announcement from Domain Holdings Australia Ltd. ( (AU:DHG) ) is now available.

Domain Holdings Australia Limited has entered into a Scheme Implementation Deed with CoStar Group, Inc. to acquire the remaining shares of Domain not already owned by CoStar’s subsidiary, Bidder Sub. The agreement involves a cash consideration of $4.43 per Domain share, valuing the company at an enterprise value of $3.0 billion, representing a significant premium for shareholders. The Domain Board recommends shareholders vote in favor of the scheme, supported by its majority shareholder, Nine Entertainment Co. Holdings Limited, in the absence of a superior proposal. This acquisition is seen as an endorsement of Domain’s strong fundamentals and is expected to enhance its market position with CoStar’s backing.

More about Domain Holdings Australia Ltd.

Domain Holdings Australia Limited operates in the real estate industry, providing property listing services and digital real estate marketing solutions. The company focuses on the Australian market, offering platforms for buying, selling, and renting properties.

Average Trading Volume: 2,905,383

Technical Sentiment Signal: Buy

Current Market Cap: A$2.69B

See more data about DHG stock on TipRanks’ Stock Analysis page.