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CSGP

CoStar Group

$307.42

-2.07 (-0.67%)

06:56
11/29/17
11/29
06:56
11/29/17
06:56

CoStar Group discloses FTC request for additional information about acquisition

In a regulatory filing yesterday, CoStar Group disclosed that the company and Landmark Media Enterprises each received a request for additional information and documentary materials from the United States Federal Trade Commission with respect to the previously disclosed deal for the company's wholly owned subsidiary CRI to acquire all of the issued and outstanding shares of common stock of DE Holdings "The request for information from the FTC, commonly referred to as a "second request," is part of the regulatory process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 . The second request extends the waiting period imposed by the HSR Act until 30 days after the parties have substantially complied with the second request unless that period is extended voluntarily by the parties or terminated sooner by the FTC. The Company intends to respond expeditiously to this request. The Company and Landmark have been working cooperatively with the FTC as it conducts its review of the proposed transaction, and will continue to do so through the completion of that review. The Company expects the Acquisition to close in the first half of 2018, subject to the expiration or termination of the applicable waiting period under the HSR Act and the satisfaction or waiver of all closing conditions," CoStar said.

  • 14

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    Feb

CSGP CoStar Group
$307.42

-2.07 (-0.67%)

09/13/17
RHCO
09/13/17
NO CHANGE
RHCO
CoStar Group acquisition positive, says SunTrust
SunTrust analyst Andrew W. Jeffrey, says that Costar's (CSGP) acquisition of ForRent " should enable CoStar to take share in the large and growing Multifamily marketplace." He adds that ForRent's sales force should enable Costar's bookings growth to accelerate, and he thinks its synergy guidance is "conservative." Jeffrey keeps a $310 price target and a Buy rating on CoStar.
10/05/17
BOFA
10/05/17
INITIATION
Target $306
BOFA
Buy
CoStar Group reinstated with a Buy at BofA/Merrill
BofA/Merrill reinstated CoStar Group with a Buy and $306 price target to reflect margin expansion potential in the multifamily marketplace, cross-selling opportunity with the LoopNet transition, and a strong competitive moat given the breadth and depth of its database.
10/05/17
10/05/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Gilead (GILD) initiated with a Perform at Oppenheimer. 2. Mammoth Energy (TUSK) initiated with a Hold at Jefferies. 3. Heska (HSKA) initiated with a Buy at Canaccord. 4. Angie's List (ANGI) reinitiated with an Outperform at Oppenheimer. 5. CoStar Group (CSGP) reinstated with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/08/17
GSCO
11/08/17
INITIATION
Target $359
GSCO
Buy
CoStar Group initiated with a Buy at Goldman Sachs
Goldman analyst George Tong initiated CoStar Group with a Buy and $359 price target citing strong execution, organic growth, and market share gain opportunities. Tong believes consensus underestimates the growth runway for broker and institutional gains and the sustainability of double-digit growth in its multifamily segment.

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ACHN

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TEVA

Teva

$18.39

1.08 (6.24%)

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