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EN
Rivals Compass, Anywhere Real Estate to combine in deal valued at $10B including debt
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The Nashville Ledger
Shares in Anywhere Real Estate soared more than 48% in afternoon trading Monday.
Compass runs a platform for use by real estate agents in customer relationship management, marketing and other tasks.
It also operates its namesake real estate brokerage and Christie's International Real Estate.
Anywhere Real Estate is home to several major real estate brokerage brands: Century 21, Better Homes and Gardens, Coldwell Banker, Corcoran, ERA and Sotheby's International Realty.
Under the terms of the deal, Anywhere shareholders will receive about 1.4 shares in Compass, which values Anywhere's shares at $13.01 each.
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