M&A
confidence high
sentiment neutral
materiality 0.75
Compass to buy Christie's Intl Real Estate and @properties for $150M cash + stock
Compass, Inc.
- Total consideration: $150M cash at closing and 44.1M shares of COMP (value ~$344M, subject to collar).
- Christie's network spans 100+ affiliates across 50 countries; @properties is 8th largest US brokerage.
- Deal includes Proper Title, Proper Rate mortgage and lead-gen business Suburban Jungle.
- Closing conditions include HSR clearance; outside date May 25, 2025, with up to three 3-month extensions.
- Termination fee of $22.25M may be payable if HSR fails or antitrust order.