Real Brokerage Acquires RE/MAX in $880 Million Deal
Real Brokerage Inc. has agreed to acquire RE/MAX Holdings Inc. in a $880 million deal, creating a new holding company called Real REMAX Group. The transaction includes a mix of cash and stock offers for RE/MAX shareholders, with financing arranged by Morgan Stanley and Apollo Global Funding. The deal's valuation has some ambiguity, with differing figures reported by The Wall Street Journal.
Tickers: $RMAX
Topics: enterprise value financing M&A RE/MAX Real Brokerage shareholder payout synergy