Domain Holdings Australia (ASX:DHG) said a scheme of arrangement under which Nasdaq-listed CoStar Group was to acquire the firm via its indirect wholly-owned subsidiary, Andromeda Australia SubCo, became legally effective on Thursday, according to a same-day Australian bourse filing.
The company lodged with the Australian Securities and Investments Commission a copy of the Supreme Court of New South Wales orders approving the acquisition.
It expects trading in its shares on the ASX to be suspended from the close of trading Thursday.
On Aug. 19, Domain shareholders will be paid a fully-franked special dividend of AU$0.088 per Domain share held as of the record date of Aug. 12.
On the implementation date for the scheme, which is expected to be on Aug. 27, Domain shareholders will receive AU$4.342 cash per Domain share held as of the record date of Aug. 20.
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