COSTAR GROUP, INC. (CSGP) Form 8-K — Oct 27, 2026
CoStar Group (CSGP) entered a definitive merger agreement on October 27, 2026 to acquire Vexcel Group, Inc., a leading provider of aerial imagery and geospatial data, for $730 million in cash. The deal is structured as a merger of CoStar's Velocity Merger Sub into Vexcel, with no CoStar shareholder vote or financing condition required, and an outside termination date of July 27, 2027. Closing remains subject to HSR antitrust clearance and other customary conditions, with $20 million in combined escrows and a $73 million representations and warranties insurance policy backing the deal.
Key figures
- Deal Value Usd
- 730000000
- Outside date
- July 27, 2027
- Tax escrow amount
- $10,000,000
- Rw insurance retention
- not more than $3,650,000
- Rw insurance policy limit
- $73,000,000
- Target net working capital
- $6,000,000
- Purchase price adjustment escrow
- $10,000,000
- Stockholder representative expense amount
- $1,000,000
AI analysis
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