- The combined company will maintain both the Zillow (NASDAQ:Z) and Trulia (NYSE:TRLA) brands, and Trulia CEO Pete Flint will remain so, reporting to Zillow chief Spencer Rascoff.
- As for terms, Trulia owners will receive 0.444 shares of Zillow for each share of Trulia they hold, valuing Trulia at a 25% premium to its Friday close.
- A conference call is set for 9 ET.
- Source: Press Release
- TRLA +16.8% to $65.76, Z -2.6% to $154.70 premarket
From other sites
at Investopedia (Apr 10, 2015)
at Investopedia (Apr 6, 2015)
at CNBC.com (Mar 25, 2015)
at 4-traders.com (Mar 24, 2015)
30-Year Fixed Mortgage Rates Fall to 7-Week Low; Current Rate is 3.56%, According to Zillow Mortgage Rate Tickerat 4-traders.com (Mar 24, 2015)
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