Company: HOUS
Filing Date: 2025-09-22
Form Type: 425
Source: 0001193125-25-210060
Chunk: 4

Company: Anywhere Real Estate Inc.
Filing Date: 2025-09-22
Form: 425
Chunk 4
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”) in connection with the registration under the Securities Act of 1933, as amended (the “Securities Act”), of the Compass Shares to be issued in the Merger; (e) the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; (f) the absence of an injunction, order or law prohibiting the Merger; (g) the accuracy of the parties’ respective representations and warranties, subject to materiality standards set forth in the Merger Agreement; and (h) material compliance by each party with its respective obligations under the Merger Agreement. Termination Rights and Fees The Merger Agreement contains termination rights for each of the Company and Compass, including that either party may terminate the Merger Agreement: (a) if, subject to certain limitations, the Merger has not closed by September 22, 2026, subject to three automatic extensions of three months each if on each such date all of the closing conditions, except those relating to regulatory approvals have been satisfied or waived (as such date may be extended 3

in accordance with the terms of the Merger Agreement, the “Outside Date”); (b) if there exists a final and nonappealable law or order prohibiting the Merger; (c) if, in the case
of termination by Compass, there is a failure to receive the Company Stockholder Approval or, in the case of termination by the Company, there is a failure to receive the Compass Stockholder Approval; (d) in the event of a material uncured
breach by the other party of its representations, warranties, covenants or other agreements under the Merger Agreement; and (e) if, in the case of termination by Compass, the board of directors of the Company changes its recommendation in favor
of the Merger or, in the case of termination by the Company, the board of directors of Compass changes its recommendation in favor of the issuance of Compass Shares in connection with the Merger.

Upon termination of the Merger Agreement under certain specified circumstances, a termination fee of $200 million will be payable by the
Company or Compass, as applicable. In addition, upon termination of the Merger Agreement because certain required regulatory clearances are not obtained before the Outside Date or if the Merger is permanently enjoined, Compass will be required to
pay the Company a termination fee of $350 million.

The Merger Agreement also provides that either party may seek to compel