Compass stock pops in premarket as $850 million convertibles fuel Anywhere merger closing
Compass shares rose 3.8% to $12.26 in premarket trading after the company priced an upsized $850 million convertible notes offering and raised its fourth-quarter outlook. The merger with Anywhere Real Estate is expected to close Jan. 9, pending final conditions. Compass now sees Q4 revenue at the high end of its prior $1.59–$1.69 billion range.