Domain Holdings Australia Limited (ASX:DHG) Receives Acquisition Proposal from CoStar
Acquisition Proposal
Domain Holdings Australia Limited has received an unsolicited, non-binding proposal from CoStar Group, Inc. to acquire 100% of its issued capital by way of a scheme of arrangement.
Engagement with Major Shareholder
The proposal requires support from Nine Entertainment Co Holdings Limited, Domain’s major shareholder. Domain is actively engaged in discussions with Nine regarding the acquisition proposal.
Board Considerations
The Domain Board continues to consider the proposal and assess its strategic value. There is no certainty that the proposal will result in a transaction, and shareholders are not required to take any action at this time.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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