CoStar Group Offers To Acquire OnTheMarket For £1.10/Share In Cash Or ~£100M
Portfolio Pulse from Benzinga Newsdesk
CoStar Group has proposed to acquire OnTheMarket for £1.10 per share in cash, which is approximately £100M in total.
October 19, 2023 | 6:30 am
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POSITIVE IMPACT
CoStar Group's proposed acquisition of OnTheMarket could potentially expand its market presence and diversify its portfolio.
Acquisitions often provide opportunities for companies to expand their market presence and diversify their portfolio. This proposed acquisition could potentially lead to an increase in CoStar Group's stock price in the short term due to the potential for increased revenues and market share.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100