Is Matterport a Worthy Merger Arbitrage Play?
Matterport(MTTR) fool.com·2024-05-28 18:00
CoStar Group is acquiring Matterport, but shares of the lidar technology company trade significantly below its expected buyout price. CoStar Group (CSGP 0.28%), the parent company of Apartments.com and Homes.com, announced its intention to acquire Matterport (MTTR), a virtual tour software platform, for an enterprise value of $1.6 billion. CoStar management believes the deal will go through before the end of 2024, but it still needs to pass shareholder and regulatory hurdles. As a result, the proposed acqui ...