Douglas Elliman (DOUG) received a merger offer from a competitor this week that would value the business at about double its current share price, Sridhar Natarajan and Jennifer Epstein of Bloomberg report, citing people with knowledge of the matter. Anywhere Real Estate (HOUS) has approached Douglas Elliman with a bid that would value it at more than $4 a share, a source told Bloomberg. Elliman isn’t likely to accept the bid at the current level, the person added. As part of the proposed deal, Anywhere would seek to sell Douglas Elliman’s property management business, one of the people noted. Shares of Douglas Elliman jumped 21% to $2.59 following the report.
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