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We raise our fair value estimate for narrow-moat Domain to AUD 4.20 per share from AUD 2.65 following the announcement of a nonbinding indicative proposal from wide-moat CoStar Group to acquire ...
CoStar Group Inc. offered to buy Domain Holdings Australia Ltd. in a deal valuing the property portal at A$2.65 billion ($1.7 billion), betting that falling interest rates will boost local home sales.
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The pool of affordable houses just keeps shrinking, with experts predicting it is only a matter of time before every suburb in Sydney has a house price median of $1 million or more.
Andrey Insarov, Founder and CEO at it.com Domains.
(RTTNews) - Domain Holdings Australia Limited (DHG.AX) announced that it has received an unsolicited, non-binding indicative buy-out proposal from CoStar Group Inc. (CSGP) at A$4.20 per share in cash.