Compass shares surge as Anywhere Real Estate merger gains approval

Compass

07/01/2026 21:06

** Shares of home brokerage firm Compass COMP.N rise nearly 9.2% to about $11.8 in after-market trading

** Anywhere Real Estate HOUS.N shares up 17.8% to about $17

** Co says Compass and Anywhere Real Estate stockholders approve merger

** Adds, ~99% of COMP stockholders approved issuing class A shares to HOUS stockholders as part of the merger and ~72.4% of HOUS stockholders approved adopting the merger agreement

** Merger is expected to close on January 9, 2026

** New York City-based COMP announced private offering of $750 mln convertible bonds due 2031

** As of last close, COMP shares up 85.8% and HOUS shares up 339.2% over the past year

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))