Compass to Buy Anywhere, Forming $10 Billion Property Broker (2)

Compass Inc. agreed to buy Anywhere Real Estate Inc. in a deal that would create a combined company with a roughly $10 billion enterprise value, cementing Compass’s status as the largest residential brokerage in the US.

Anywhere shares will be exchanged for 1.436 shares of Compass’s Class A common stock, according to a statement Monday. The transaction is valued at about $13.01 per Anywhere share. Anywhere stock closed Friday at $7.07.

When the deal closes, current Compass stockholders will own about 78% of the company and Anywhere investors will hold roughly 22%. Compass secured a commitment for $750 million in ...