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Domain Holdings Enters Exclusivity Agreement with CoStar for Potential Acquisition

Story Highlights
  • Domain Holdings has agreed to an exclusivity deed with CoStar for a potential acquisition.
  • The acquisition proposal’s success depends on due diligence and other conditions.
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Domain Holdings Enters Exclusivity Agreement with CoStar for Potential Acquisition

Domain Holdings Australia Ltd. ( (AU:DHG) ) has issued an announcement.

Domain Holdings Australia Limited has entered into an exclusivity agreement with CoStar Group, Inc. for a proposed acquisition of Domain by CoStar. The agreement allows CoStar to conduct due diligence, with Domain’s directors intending to recommend the proposal to shareholders, subject to certain conditions. This move could significantly impact Domain’s market positioning, though there is no guarantee of a final agreement.

More about Domain Holdings Australia Ltd.

Domain Holdings Australia Limited operates in the real estate industry, primarily offering digital property advertising services. The company focuses on providing property listings and related services to the Australian market.

YTD Price Performance: 72.24%

Average Trading Volume: 2,655,560

Technical Sentiment Signal: Sell

Current Market Cap: A$2.74B

Find detailed analytics on DHG stock on TipRanks’ Stock Analysis page.

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