Re/Max being acquired, headquarters to leave Colorado – KUSA.com
The Real Brokerage Inc. (NASDAQ: REAX) and Re/Max Holdings, Inc. (NYSE: RMAX) have reached an agreement for Real to buy Re/Max in a cash-and-stock transaction, the companies said in a joint announcement Monday.
Re/Max has been headquartered in Denver since the 1970s and is one of the largest franchisors of residential real estate brokerage services in the world.
Under the agreement, the two companies will combine to form a new, global real estate platform called Real Re/Max Group headquartered in Miami, the announcement said. The company will maintain a significant presence in the Denver area, the companies said.
