Real and RE/MAX Holdings Announce Preliminary Results for Election of Form of Merger Consideration by REMAX Stockholders and Expected Timing of Real Share Consolidation
Real and RE/MAX Holdings announced preliminary merger election results, revealing that RE/MAX stockholders elected cash in excess of the $80 million cap, triggering proration. Cash electors will receive approximately $4.33 and 0.3535 shares of the new company per share, while stock electors will receive 0.5150 shares per share. Real also confirmed a 10-for-1 share consolidation of its common stock, effective August 24, as the first step of the arrangement to adjust the exchange ratio for the merger.
Key figures
- Max cash cap
- $80 million
- Cash elected shares
- 18488134
- Cash election price
- $13.80
- Consolidation ratio
- 10-for-1
- Stock election ratio
- 0.5150
- Expected closing date
- August 24, 2026
- Expected trading date
- August 25, 2026
- Proration cash per share
- $4.33
- Proration stock per share
- 0.3535
AI analysis
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