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Stock impact report

Matterport, CoStar receive FTC second request over deal [Seeking Alpha]

Matterport, Inc. - Class A (MTTR) 
Company Research Source: Seeking Alpha
The effect of the second request is to extend the waiting period of the HSR Act until 30 days after the companies have substantially complied with the request, according to an 8-K filing on Wednesday. The disclosure comes after CoStar ( CSGP ) last month voluntarily withdrew and refiled its HSR notification for its planned purchase of Matterport ( MTTR ) as the companies tried to avoid a second request. CoStar ( CSGP ) submitted a filing under the U.K.'s National Security and Investment Act 2021 on May 7 and CoStar also submitted a briefing paper to the UK Competition and Markets Authority on June 5. CoStar ( CSGP ) agreed in April to acquire spatial data company Matterport ( MTTR ) in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise value. Recommended For You More Trending News Recommended For You More Trending News Related Stocks Trending Analysis Trending News Show less Read more
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