Domain Holdings Australia (ASX:DHG) entered a binding scheme implementation deed with CoStar Group for the Nasdaq-listed real estate firm to acquire all the remaining shares in the company for AU$4.43 per share in cash, according to a Friday filing with the Australian bourse.
CoStar, through Andromeda Australia SubCo, currently holds 16.9% of Domain, the filing said.
The deal is subject to shareholder and court approvals, with a scheme meeting expected in mid-August, the filing added.
The Domain board recommends shareholders vote in favor of the scheme in the absence of a superior proposal and subject to an independent expert's assessment.
Nine Entertainment Holdings (ASX:NEC), the majority shareholder of Domain, intends to vote in favor of the proposed scheme, it said in a separate bourse filing.
Shares of Domain Holdings Australia rose 3% in recent Friday trade, while Nine Entertainment shares climbed past 5%.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。