Domain Holdings Australia Limited (ASX:DHG) Announces Special Dividend and Acquisition Scheme
Acquisition Proposal
Domain Holdings Australia Limited (ASX:DHG) has proposed its acquisition by CoStar Group, Inc. (NASDAQ:CSGP) through an indirect wholly-owned subsidiary via a scheme of arrangement.
Special Dividend
The Domain Directors have declared a fully franked Special Dividend of 8.8 cents per Domain Share, conditional on the scheme becoming effective. The dividend is expected to be paid on 19 August 2025, with the record date set for 12 August 2025.
Board Recommendation
The Domain Board unanimously recommends that shareholders vote in favour of the proposed scheme, citing the absence of a superior proposal and the scheme being in the best interests of shareholders.
Independent Expert’s Conclusion
Grant Samuel, the Independent Expert, has concluded that the scheme is fair and reasonable, positioning it within the best interests of Domain shareholders. The scheme consideration of $4.43 per share represents a 42% premium to the share price as of 20 February 2025.
Implementation Timetable
If approved, the scheme is expected to be implemented on 27 August 2025. Key milestones include a court hearing on 6 August 2025 and the suspension of Domain shares on the ASX on 7 August 2025.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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