"This approval comes despite three Anywhere shareholders filing three separate lawsuits against the firm in mid-December alleging that Anywhere made insufficient financial disclosures to its stockholders about the proposed merger. The firms said they expect the merger to close by Friday, however, it is still subject to the satisfaction of customary closing conditions. We are pleased with the strong support from our and Anywhere's stockholders in approving this transaction, Robert Reffkin, the founder and CEO of Compass, said in a statement."
"The results of these votes come just hours after the firm's announced that the proposed merger had cleared a major antitrust review hurdle with the Hart-Scott-Rodino Antitrust Improvements (HSR) Act of 1976 waiting period expiring last Friday. While the Department of Justice (DOJ) and the Federal Trade Commission (FTC) did not raise any antitrust concerns over the proposed transaction during the HSR Act waiting period, the transaction is not immune from antitrust scrutiny from the federal regulators in the future."
Shareholders of Compass and Anywhere approved the proposed merger, with both firms expecting the deal to close by Friday pending customary closing conditions. Three Anywhere shareholders filed separate mid-December lawsuits alleging insufficient financial disclosures about the proposed merger. Shareholder voting results indicated strong support and confidence in a shared vision to empower real estate professionals with tools to grow their businesses and better serve clients. The Hart-Scott-Rodino waiting period expired without antitrust concerns from the DOJ or FTC, but the transaction remains subject to potential future federal antitrust review. Compass announced the acquisition in September 2025 and had earlier expected a second-half 2026 close.
Read at www.housingwire.com
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