Company: HOUS
Filing Date: 2025-12-02
Form Type: DEFM14A
Source: 0001628280-25-054793
Chunk: 454

Company: Anywhere Real Estate Inc.
Filing Date: 2025-12-02
Form: DEFM14A
Chunk 454
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 and other business and financial information of the Company and Parent, respectively;

2. Reviewed certain internal financial statements and other financial and operating data concerning the Company and Parent, respectively;

3. Reviewed certain financial projections prepared by the managements of the Company and Parent, respectively;

4. Reviewed information relating to certain strategic, financial and operational benefits anticipated from the Merger, prepared by the managements of the Company and Parent, respectively;

5. Discussed the past and current operations and financial condition and the prospects of the Company with senior executives of the Company;

6. Discussed the past and current operations and financial condition and the prospects of Parent, including information relating to certain strategic, financial and operational benefits anticipated from the Merger, with senior executives of Parent;

7. Reviewed the reported prices and trading activity for the Company Common Stock and Parent Class A Common Stock;

8. Compared the financial performance of the Company and Parent and the prices and trading activity of the Company Common Stock and Parent Class A Common Stock with that of certain other publicly-traded companies comparable with the Company and Parent, respectively, and their securities;

9. Reviewed the financial terms, to the extent publicly available, of certain comparable acquisition transactions;

10. Participated in certain discussions and negotiations among representatives of the Company and Parent and their financial and legal advisors;

11. Reviewed the Merger Agreement and certain related documents; and

12. Performed such other analyses, reviewed such other information and considered such other factors as we have deemed appropriate.

We have assumed and relied upon, without independent verification, the accuracy and completeness of the information that was publicly available or supplied or otherwise made available to us by the Company and Parent,

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#### Privileged and Confidential
and formed a substantial basis for this opinion. With respect to the financial projections, including information relating to certain strategic, financial and operational benefits anticipated from the Merger, we have assumed, with your consent, that they have been reasonably prepared on bases reflecting the best currently available estimates and judgments of the respective managements of the Company and Parent of the future financial performance of the Company and Parent. We have assumed, with Parent’s consent, that the projections prepared by the management of Parent are a reasonable basis upon which to evaluate the business and financial prospects of Parent and the Company. We express no view as to such projections or the assumptions on which they were based. We have relied upon, without independent verification, the assessment by the managements of the Company and Parent of: (i)