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ompass, the parent of Christie’s International, will acquire Anywhere Real Estate—owner of Century 21, Coldwell Banker, and other brands—in an all‑stock transaction that values Anywhere shares at $13.01 each. The merger will form a company worth roughly $10 billion. Compass shareholders will own 78% of the new entity, while Anywhere investors will hold the remaining 22%. For every Anywhere share, holders receive 1.436 Compass shares, an 84% premium over the previous close. Compass’s founder and CEO, Robert Reffkin, will lead the combined firm, citing the partnership as a way to preserve the distinct identities of Anywhere’s brands while expanding resources for real‑estate professionals. The deal is slated to close in the second half of next year. In early trading, Anywhere shares surged about 60%, whereas Compass shares fell. Year‑to‑date, Anywhere’s stock has more than doubled, and Compass has risen 61%. For news tips, email [email protected]