Matterport (MTTR) is scheduled to resume trading at 9:50 am ET, with quotation set to resume at 9:45 am ET, according to Nasdaq. The shares were halted, pending news, ahead of Matterport announcing that the company has entered into a definitive agreement with CoStar Group (CSGP), pursuant to which CoStar Group will acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share, representing an equity value of approximately $2.1B and an enterprise value of approximately $1.6B based on the closing price for CoStar Group common stock on April 19.
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