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Domain Holdings Australia Limited (ASX: DHG) has entered into a binding Scheme Implementation Deed with CoStar Group and its subsidiary, Andromeda Australia SubCo Pty Ltd (Bidder Sub), to acquire 100% of Domain’s shares not already held by Bidder Sub. Under the Scheme, Domain shareholders will receive AU$4.43 in cash per share, less any special dividend declared. Domain may pay a fully franked special dividend of up to AU$0.10 per share, potentially offering eligible shareholders up to AU$0.04 per share in franking credits.
The offer values Domain at an implied enterprise value of AU$ 3.0 billion, representing a 42% premium to the undisturbed share price and up to a 59.7% premium to the 3-month VWAP as of 20 February 2025. The Domain Board unanimously recommends the Scheme, subject to no superior proposal and a favourable Independent Expert conclusion. Major shareholder Nine Entertainment Co. intends to vote in favour, subject to the same conditions.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
