This approval comes regardless of three Wherever shareholders submitting three separate lawsuits towards the agency in mid-December alleging that Wherever made inadequate monetary disclosures to its stockholders in regards to the proposed merger.
Merger anticipated to shut by Friday
The companies say they anticipate the merger to shut by Friday, nevertheless, it’s nonetheless topic to “the satisfaction of customary closing circumstances.”
“We’re happy with the sturdy help from our and Wherever’s stockholders in approving this transaction,” Robert Reffkin, the founder and CEO of Compass, stated in a press release. “Immediately’s consequence displays confidence in our shared imaginative and prescient to empower actual property professionals with all the pieces they should develop their enterprise and higher serve their shoppers.”
The outcomes of those votes come simply hours after the agency’s introduced that the proposed merger had cleared a major antitrust review hurdle with the Hart-Scott-Rodino Antitrust Enhancements (HSR) Act of 1976 ready interval expiring final Friday. Whereas the Division of Justice (DOJ) and the Federal Commerce Fee (FTC) didn’t elevate any antitrust issues over the proposed transaction throughout the HSR Act ready interval, the transaction is not immune from antitrust scrutiny from the federal regulators sooner or later.
Compass, which introduced the proposed acquisition in September of 2025, had beforehand acknowledged that it expects the acquisition to shut throughout the second half of 2026.
