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Domain Holdings Receives Improved Acquisition Proposal from CoStar

Story Highlights
  • Domain Holdings received an improved proposal from CoStar at $4.43 per share.
  • The Domain Board will engage with CoStar for due diligence, but no binding agreement is certain.
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Domain Holdings Receives Improved Acquisition Proposal from CoStar

Domain Holdings Australia Ltd. ( (AU:DHG) ) has issued an announcement.

Domain Holdings Australia Limited has received an improved non-binding indicative proposal from CoStar Group, Inc. to acquire 100% of its issued capital at $4.43 per share, representing a 42% premium to the previous closing price. The Domain Board has agreed to engage with CoStar for due diligence, but there is no certainty of a binding agreement, and shareholders are advised that no action is required at this time.

More about Domain Holdings Australia Ltd.

Domain Holdings Australia Limited operates in the real estate industry, providing digital property advertising and media services. The company focuses on connecting property seekers with real estate agents, offering a platform for property listings and related services.

YTD Price Performance: 78.09%

Average Trading Volume: 2,665,310

Technical Sentiment Signal: Sell

Current Market Cap: A$2.82B

For detailed information about DHG stock, go to TipRanks’ Stock Analysis page.

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