US EditionActivists push CoStar to review capital strategy amid Domain acquisition bid
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Activists push CoStar to review capital strategy amid Domain acquisition bid
CoStar Group, the $51bn US-listed real estate data and analytics giant, is coming under fresh pressure from hedge fund activists Third Point and DE Shaw, even as it presses forward with its proposed $2.8bn acquisition of Australian property platform Domain, according to a report by Capital Brief. As part of a newly reached agreement with the two hedge funds, CoStar will establish a capital allocation committee, chaired by founder and CEO Andy Fl…
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