RE/MAX holders elect cash-stock mix in Real Brokerage takeover, closing seen Aug. 24
RMAX•Takeover closing expected Aug. 24
Real Brokerage plans to acquire RE/MAX Holdings, with closing expected Aug. 24, subject to remaining closing conditions.
RE/MAX shareholders elect cash-stock mix
RE/MAX Class A holders can receive 0.515 Real REMAX shares per share or $13.80 cash, subject to cash proration.
Cash elections exceeded the $80 million cap; 18,488,134 shares elected cash, triggering mixed cash-and-stock consideration for those shares.
Cash electing shares are expected to receive about $4.33 cash plus about 0.3535 Real REMAX shares per share.
Share consolidation and trading timeline
Real’s 10-for-1 share consolidation is expected at 4:01 p.m. New York time on Aug. 24; Real REMAX shares are expected to trade Aug. 25.
