Company: HOUS
Filing Date: 2025-12-02
Form Type: DEFM14A
Source: 0001628280-25-054793
Chunk: 119

Company: Anywhere Real Estate Inc.
Filing Date: 2025-12-02
Form: DEFM14A
Chunk 119
---
2025 of $7.36 and $3,493 million, respectively. Morgan Stanley derived an implied Anywhere per share equity value range using (i) the seventy-fifth (75 th ) percentile of the premium to unaffected share price observed in the precedent transactions (ii) the twenty-fifth percentile of the premium to aggregate value observed in the precedent transactions. This analysis indicated the following implied per share equity value reference range for a share of Anywhere common stock:

| Implied Anywhere Per Share Equity Value Range |
| $12.38-$14.74                                 |

No company or transaction utilized in the premiums paid analysis is identical to Anywhere or the merger, or directly comparable to the merger in business mix, timing and size. The fact that points in the range of implied value per share of Anywhere common stock derived from the valuation of premiums paid in precedent transactions were less than or greater than the consideration is not necessarily dispositive in connection with Morgan Stanley’s analysis of the consideration for the merger, but is one of many factors Morgan Stanley considered.

The premiums paid analysis was presented for reference purposes only and was not relied upon for valuation purposes.

<div align='center'>66</div>

#### Relative Historical Trading Prices
For reference only, Morgan Stanley also reviewed the historical trading range of shares of Anywhere common stock and Compass common stock for the 52-week period ended on September 19, 2025. The range was as follows:

| Historical Period                   |     | Historical Per Share Range for Anywhere |     |               |     | Historical Per Share Range for Compass |     |                |
| 52 Weeks (ended September 19, 2025) |     |                                         |     | $2.78 – $7.36 |     |                                        |     | $5.35 – $10.24 |

Historical trading prices were presented for reference purposes only and were not relied upon for valuation purposes.

#### Research Analyst Price Targets
For reference only, Morgan Stanley reviewed available public market trading price targets for Compass’ common stock by six equity research analysts that provided a price target for Compass prior to September 21, 2025. Morgan Stanley reviewed the most recent price target published by each of the analysts prior to such date. The range was as follows:

| Broker   |     | Price Target |       |     | Price Target Date |     |                 |
|:---------|:----|:-------------|------:|:----|:------------------|:----|:----------------|
| Broker A |