Company: HOUS
Filing Date: 2025-12-02
Form Type: DEFM14A
Source: 0001628280-25-054793
Chunk: 123

Company: Anywhere Real Estate Inc.
Filing Date: 2025-12-02
Form: DEFM14A
Chunk 123
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Anywhere and Compass and their respective affiliates in the future and would expect to receive fees for the rendering of these services.

Opinion of Goldman Sachs, Anywhere’s Financial Advisor

At a meeting of the Anywhere Board, Goldman Sachs rendered its oral opinion, subsequently confirmed in writing by delivery of a written opinion, to the Anywhere Board that, as of September 22, 2025, and based upon and subject to the factors and assumptions set forth in Goldman Sachs’ written opinion, the exchange ratio of 1.436 shares of Compass Class A common stock per share of Anywhere common stock pursuant to the merger agreement was fair from a financial point of view to the holders (other than Compass and its affiliates) of Anywhere common stock.

The full text of the written opinion of Goldman Sachs, dated September 22, 2025, which sets forth assumptions made, procedures followed, matters considered, qualifications and limitations on the review undertaken in connection with Goldman Sachs’ opinion, is attached as Annex C to this joint proxy statement/prospectus. The summary of Goldman Sachs’ opinion contained in this joint proxy statement/prospectus is qualified in its entirety by reference to the full text of Goldman Sachs’ written opinion. Goldman Sachs provided advisory services and its opinion for the information and assistance of the Anywhere Board in connection with its consideration of the merger. Goldman Sachs’ opinion is not a recommendation as to how any holder of Anywhere common stock should vote with respect to the merger or any other matter.

In connection with rendering the opinion described above and performing its related financial analyses, Goldman Sachs reviewed, among other things:

• the merger agreement;

• Annual Reports to stockholders and Annual Reports on Form 10-K of Anywhere for the years ended December 31, 2024;

• Annual Reports on Form 10-K of Compass for the last four years ended December 31, 2024;

• Compass’ Registration Statement on Form S-1, including the prospectus contained therein dated March 31, 2021 relating to Compass Class A common stock;

• certain interim reports to stockholders and Quarterly Reports on Form 10-Q of Anywhere and Compass;

• certain other communications from Anywhere and Compass to their respective stockholders;

• certain publicly available research analyst reports for Anywhere and Compass;

• certain internal financial analyses and forecasts for Compass prepared by its management; and

• certain internal financial analyses and forecasts for Anywhere and certain financial analyses and forecasts for Compass standalone and pro forma for the merger, in each case, as