NEWSFLASH: Disgruntled activist, Brett Stone, denied application for review of OnTheMarket/CoStar deal
Brett Stone does not have standing within the Committee’s Rules of Procedure to request that the Committee be convened
Brett Stone does not have standing within the Committee’s Rules of Procedure to request that the Committee be convened
Subject to obtaining the approval of OTM shareholders, the takeover is expected to become effective on 12 December 2023
ISS recommends shareholders vote “for” the acquisition of OnTheMarket PLC by CoStar UK Limited
King Charles has previously suggested there are some issues about which he will refuse to be silenced
OnTheMarket deny the claims made in the letter, and have issued a statement
The OnTheMarket directors consider the terms of the acquisition to be fair and reasonable
Onthemarket shares soared 53% in a single day last week after the UK property portal was purchased by American commercial property giant Costar in a £100m deal
Jason Tebb, CEO of OnTheMarket, says estate agents should not underestimate the importance of social media as home movers increasingly rely on conducting their property searches online
OnTheMarket seeks to become the number one portal in the UK after accepting offer of 110p per share, which represents a premium of 56% to OTM’s last closing price
CoStar Group, a $33bn (£27.2bn) property group, is expected to buy OnTheMarket in a £100m deal