Company: HOUS
Filing Date: 2025-09-22
Form Type: 425
Source: 0001193125-25-209980
Chunk: 5

Company: Anywhere Real Estate Inc.
Filing Date: 2025-09-22
Form: 425
Chunk 5
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 the Company’s and Anywhere’s respective non-solicitation obligations related to alternative business combination proposals.

The Merger Agreement provides that the Company and Anywhere are required to use reasonable best efforts to obtain antitrust and other required
regulatory approvals in order to consummate the transactions contemplated by the Merger Agreement, subject to certain limitations as set forth in the Merger Agreement.

Termination Rights and Fees

The Merger Agreement contains termination rights for each of the Company and Anywhere, 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 in accordance with the terms of the Merger Agreement, the “”); (b) if there exists a final and nonappealable law or order prohibiting the
Merger; (c) if, in the case of termination by the Company, there is a failure to receive the Anywhere Stockholder Approval or, in the case of termination by Anywhere, there is a failure to receive the Company 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 the Company, the board of directors of Anywhere
changes its recommendation in favor of the Merger or, in the case of termination by Anywhere, the board of directors of the Company changes its recommendation in favor of the issuance of Company 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 Anywhere, 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, the Company will be required
to pay Anywhere a termination fee of $350 million.

The Merger Agreement also provides that either party may seek to compel the other
party to specifically perform its obligations under the Merger Agreement.

Important Statement Regarding the Merger Agreement

The foregoing description of the Merger Agreement and the transactions contemplated thereby, including the Merger, in this Current Report on
Form 8-K