Compass Inc. (NYSE:COMP) shares dropped 12% while Anywhere Real Estate Inc. (NYSE:HOUS) surged 52% after announcing a $10 billion all-stock merger, uniting technology investments and agent networks. The deal aims to create a leading real estate platform, enhancing support for agents, franchisees, and clients in 120 countries. Each Anywhere share will be exchanged for 1.436 Compass Class A shares, valuing Anywhere stock at $13.01. The transaction is expected to close in the second half of 2026, with Compass shareholders owning about 78% and Anywhere investors around 22% of the combined company. Compass secured a $750 million financing commitment from Morgan Stanley Senior Funding and plans to reduce debt post-merger. The deal diversifies revenue and offers cost synergies, improved cash flow, and a stronger balance sheet, with over $1 billion in revenue from Anywhere’s units. Compass CEO Robert Reffkin stated the merger empowers real estate professionals to better serve clients. Anywhere CEO Ryan Schneider expressed excitement about uniting brands and businesses to enhance the real estate experience. COMP shares were trading lower by 13.30% to $8.150, while HOUS shares were trading higher by 49.43% to $10.57.

Read more at Yahoo Finance: Compass Teams Up With Anywhere Real Estate In Huge Merger