Company: HOUS
Filing Date: 2025-12-02
Form Type: DEFM14A
Source: 0001628280-25-054793
Chunk: 107

Company: Anywhere Real Estate Inc.
Filing Date: 2025-12-02
Form: DEFM14A
Chunk 107
---
 holders of Anywhere common stock could be adversely affected by a decrease in the market price of Compass Class A common stock prior to closing.

• Closing certainty: The risk that the merger might not be completed in a timely manner or at all, including the risks that the HSR Clearance may not be received in a timely manner or at all or may impose unacceptable conditions and that the stockholder approvals may not be received at the Anywhere special meeting and the Compass special meeting (which risk was mitigated by the Voting and Support Agreements), and the risk that the termination fee to which Anywhere may be entitled, subject to the terms and conditions of the merger agreement, in the event Compass terminates the merger agreement in certain circumstances may not be sufficient to compensate Anywhere for the harm it might suffer as a result of such termination.

• Possible failure to achieve synergies: The potential challenges and difficulties in integrating the operations of Anywhere and Compass and the risk that anticipated cost savings and synergies between the two

<div align='center'>58</div>

companies, or other anticipated benefits of the merger, might not be realized in whole or in part or might take longer to realize than expected.

• Impact on existing relationships: The possibility of encountering difficulties in successfully maintaining existing customer, employee, agent and franchisee relationships.

• Impact of merger announcement: The risk that potential disruptions from the merger could (i) lead to difficulties in successfully maintaining existing customer, employee, agent and franchisee relationships and (ii) harm the ability of Anywhere and Compass to retain key employees, agents and franchisees during the pendency of the merger and thereafter. The potential adverse reactions or changes to business relationships resulting from the announcement or completion of the merger and potential business uncertainty, including changes to existing business relationships, could affect the financial performance of Anywhere, Compass or the combined company.

• Transaction costs: The significant costs in connection with entering into the merger agreement and completing the merger, including a potential $200,000,000 termination amount if the merger agreement is terminated under certain circumstances, as well as the substantial time and effort of Anywhere management required to complete the merger, which may disrupt its business operations and have a negative effect on its financial results.

• Restrictions on solicitation: The restrictions imposed by the merger agreement on Anywhere’s ability to solicit competing proposals from third parties or to terminate the merger agreement in order to enter into an alternative transaction.

• Pre-closing covenants: The restrictions placed on the conduct of Anywhere’s business prior to the completion of