Anywhere Real Estate Inc. (NYSE:HOUS) surged to a new three-year high on Wednesday, following positive news of its $10 billion merger with Compass Inc. Shareholders of both companies voted overwhelmingly in favor of the all-stock merger, with completion expected on January 9.

In a joint statement, Anywhere Real Estate Inc. (NYSE:HOUS) and Compass Inc. announced that 72.4% and 99% of shareholders, respectively, voted in favor of the proposed merger. The deal is set to be finalized on Friday, January 9, with Compass raising $750 million through convertible senior notes to fund the transaction.

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Read more at Yahoo Finance: Anywhere Real Estate (HOUS) Soars to 3-Year High on $10-Billion Merger Approval