Overview

• Anywhere shareholders will receive 1.436 Compass shares per share, valuing Anywhere at $13.01, with Compass investors owning about 78% of the combined company and Robert Reffkin set to serve as CEO.
• The merger unites roughly 340,000 agents across nearly 120 countries and about 1.2 million annual transactions, bringing brands such as Coldwell Banker, Century 21, Corcoran and Sotheby’s International Realty under Compass.
• Compass secured $750 million in financing from Morgan Stanley Senior Funding, the companies project more than $225 million in cost synergies and over $1 billion in added revenue, and the combined firm is expected to carry roughly $2.6 billion in initial debt.
• Both boards approved the agreement, which remains subject to shareholder votes and federal and state reviews as analysts flag potential antitrust scrutiny that could prompt local-market divestitures.
• Shares of Anywhere jumped roughly 50%–60% after the announcement while Compass fell about 10%–16%.