Matterport Buyout at 216% Premium

Travis Hoium
04-23

Asymmetric Universe company $Matterport, Inc.(MTTR)$ got a huge buyout today.

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First of all, the buyout price is shocking. Shares of Matterport closed at $1.74 on Friday and the buyout is for $5.50 per share ($2.75 in cash and $2.75 in CoStar stock).

I’ve never seen a buyout at a 216% premium or a price chart that looks like this.

Matterport Buyout Details

Here’s what Matterport shareholders will get in the buyout:

  • $2.75 per share in cash

  • $2.75 per share in CoStar stock

    • The transaction is subject to a 10% symmetrical collar based on a CoStar Group share price of $86.02 as the midpoint.

The transaction is expected to close this year and 15% of shares outstanding are already committed to voting for the deal.

I don’t see any major regulatory roadblocks to the deal closing.

https://asymmetric-investing.beehiiv.com/p/matterport-buyout

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  • VernaFred
    ·04-23
    216% premium, that's just crazy leh.
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  • Liang0020
    ·04-23
    A 216% buyout price is insane.
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  • phongy 45
    ·04-23
    lol ... awesome
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