The substantial premium suggests near-term upside to the offer price, but deal risk remains. Monitor shareholder vote and regulatory approvals. Spread may narrow as closing certainty increases.
Price Chart
Executive Summary
RE/MAX Holdings (RMAX) has agreed to be acquired by The Real Brokerage (REAX) in a deal valued at roughly $550 million (equity) and $880 million including debt. RMAX shareholders can choose $13.80 cash or 5.15 shares of the new combined entity per share, a 73% premium over the prior close. The combined company, Real Remax Group, will operate both brands and have over 180,000 agents.
Key Financial Metrics
Key Facts
- Acquisition by The Real Brokerage (REAX) valued at ~$550M equity / ~$880M enterprise value.
- RMAX shareholders: $13.80 cash or 5.15 shares of combined entity per share (73% premium to $7.99 close).
- Combined company to be named Real Remax Group; REAX CEO Tamir Poleg to be Chairman & CEO.
- REMAX had declining revenues and falling U.S. agent count; deal provides exit at premium.
- Transaction expected to close subject to shareholder and regulatory approvals.
Financial Impact
Equity value ~$550M, enterprise value ~$880M. Offer $13.80 cash per share vs. $7.99 prior close.
Risk Factors
- Deal may not close due to shareholder or regulatory rejection.
- Integration risks and potential synergies may fall short.
- Declining core business trends may erode value if deal fails.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (RMAX) — Batch item 1 | 0001104659-26-049417 |
| Document: 0001104659-26-049417-index-headers.html | 0001104659-26-049420 |
| Document: 0001104659-26-049417-index.html | 0001104659-26-049417 |
| Document: 0001104659-26-049417.txt | 0001104659-26-049417 |
| DEFA14A Filing (RMAX) — Batch item 5 | 0001104659-26-049420 |
| Document: 0001104659-26-049420-index-headers.html | 0001104659-26-049417 |
| Document: 0001104659-26-049420-index.html | 0001104659-26-049417 |
| Document: 0001104659-26-049420.txt | 0001104659-26-049417 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | SC 13G/A | — | awaiting T+60 | — | — |
Sep 4, 2026 7w ago | 15-12G | — | awaiting T+60 | — | — |
Aug 26, 2026 8w ago | EFFECT | $13.40 | awaiting T+60 | — | — |
Aug 25, 2026 9w ago | 25-NSE | $13.50 | awaiting T+60 | — | — |
Aug 6, 2026 11w ago | DEFA14A | $10.77 | awaiting T+60 | — | — |
Aug 4, 2026 12w ago | 425 / 8-K | $9.70 | awaiting T+60 | — | — |
Jul 14, 2026 15w ago | DEFA14A | $10.72 | awaiting T+60 | — | — |
Jul 14, 2026 15w ago | 8-K | $10.72 | awaiting T+60 | — | — |
Jun 11, 2026 19w ago | Institutional Cluster | $9.01 | awaiting T+60 | — | — |
May 28, 2026 21w ago | DEFA14A | $9.54 $12.36 | ▲ +29.56% | ▲ +28.38% | — |
US Market Status
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