The latest announcement is out from CoStar Group (CSGP).
CoStar Group, Inc. has struck a deal to merge with Matterport, Inc., which, upon successful terms, will result in Matterport becoming a wholly-owned subsidiary of CoStar. Shareholders of Matterport are set to receive a mix of CoStar stock and cash per share, with specific exchange ratios determined by CoStar’s average share price before the merger. The transaction hinges on customary conditions, including Matterport shareholder approval and regulatory clearances, with the arrangement also containing provisions for termination under certain scenarios. This strategic move is expected to bolster CoStar’s market position, pending the satisfaction of stipulated conditions and approvals.
For detailed information about CSGP stock, go to TipRanks’ Stock Analysis page.
