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Domain Holdings Australia Limited (ASX:DHG)

ALERT: Price-sensitive ASX Announcement for DHG
Current share price for DHG : $4.420 0.17 (4%)+
Announcement
Release
9 May 2025 9:48AM
Price at Release
$4.250
Full Release
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Summary
Domain Holdings Australia Limited (Domain) announced that it has entered into a Scheme Implementation Deed with CoStar Group, Inc. (CoStar) under which CoStar will acquire 100% of Domain’s shares for $3.60 per share in cash. The Domain Board unanimously recommends that shareholders vote in favour of the Scheme, in the absence of a superior proposal and subject to the independent expert concluding the Scheme is in the best interests of Domain shareholders. The Scheme is subject to a number of conditions, including shareholder, court, and regulatory approvals. The announcement provides details of the transaction background, rationale, process, and implications for Domain’s strategy, operations, and stakeholders.
Key Points
  • Domain Holdings Australia Limited has entered into a Scheme Implementation Deed with CoStar Group, Inc.
  • CoStar will acquire 100% of the shares in Domain for $3.60 per share in cash.
  • The Domain Board unanimously recommends the Scheme, subject to no superior proposal and a positive independent expert opinion.
  • The Scheme is subject to various conditions including shareholder, court, and regulatory approvals.
  • If implemented, the Scheme will result in Domain becoming a wholly owned subsidiary of CoStar and being delisted from the ASX.
  • The transaction is seen as delivering significant and certain value for Domain shareholders.
  • The announcement outlines the transaction rationale, process, timing, and other relevant details.
  • Shareholders are advised to read the Scheme Booklet and consult their advisers before making any decisions.
  • The Board’s recommendation and voting intentions are detailed, along with the process for the Scheme meeting.
  • The Scheme is expected to be completed in the second half of 2024, subject to satisfaction of conditions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.