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Anywhere Real Estate soars 58% on Compass merger deal to create $10B platform

Anywhere Real Estate shares surged more than 58% on Monday after Compass announced it would acquire the Madison, New Jersey-based company in an all-stock transaction. The deal, which values Anywhere at about 1.46billion,willcreatea1.46 billion, will create a 10 billion residential real estate platform, according to the companies. ...