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22.04.2024 15:36:38 - dpa-AFX: CoStar Group To Acquire Matterport For Enterprise Value Of $1.6 Bln
WASHINGTON (dpa-AFX) - Monday, CoStar Group, Inc. (CSGP) announced an
agreement to acquire Matterport, Inc. (MTTR) for $5.50 per share, resulting in
an estimated enterprise value of $1.6 billion.
According to the terms of the deal, Matterport shareholders will receive $2.75
in cash and $2.75 in CoStar Group common stock for each share of Matterport
common stock.
The transaction is anticipated to be completed within the year, pending approval
from Matterport shareholders, meeting standard closing conditions, securing
regulatory approvals, and being subject to a 10% symmetrical collar linked to a
CoStar Group share price of $86.02 as the midpoint.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
agreement to acquire Matterport, Inc. (MTTR) for $5.50 per share, resulting in
an estimated enterprise value of $1.6 billion.
According to the terms of the deal, Matterport shareholders will receive $2.75
in cash and $2.75 in CoStar Group common stock for each share of Matterport
common stock.
The transaction is anticipated to be completed within the year, pending approval
from Matterport shareholders, meeting standard closing conditions, securing
regulatory approvals, and being subject to a 10% symmetrical collar linked to a
CoStar Group share price of $86.02 as the midpoint.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
COSTAR GROUP INC. DL-,01 | 922134 | Frankfurt | 80,640 | 17.05.24 08:02:49 | -0,280 | -0,35% | 0,000 | 0,000 | 80,640 | 80,640 |
