Compass stock jumps on Anywhere deal close and $1 billion convert — what to watch next week
Compass shares rose 4.7% to $12.84 Friday after completing its merger with Anywhere Real Estate. A filing showed Compass issued $1 billion in convertible notes to refinance deal-related debt. Anywhere shareholders received 1.436 Compass shares per share. The deal faces political scrutiny from U.S. senators over antitrust concerns.