Compass Soars 13% in After Hours Trading on Report of Possible Takeover

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Compass Intrinsic Value – The report from Insider that sparked the latest rally in Compass ($NYSE:COMP)’ stock price indicated that Vista Equity is considering taking the company private. Vista is a private equity firm with a history of investing in tech companies, and it already owns a minority stake in Compass. The report also said that another private equity firm may be involved in the potential transaction.

If the deal does go through, it would be yet another example of a high-profile tech company going private. In recent years, we’ve seen this happen with companies like Twitter, Snapchat, and HP.

Price History

On Thursday, shares of Compass Inc. soared 13% in after hours trading on reports that the company could be the target of a takeover. The reports of a possible takeover sent Compass’ stock price soaring, as investors bet that the company could be worth more if it were acquired. The reports also sent the stock prices of other map companies higher, as investors bet that they could be next in line for a takeover.

The reports come as Compass is in the midst of a major expansion, which includes the launch of a new map app and the opening of new offices in London and Beijing. The reports of a possible takeover are just the latest bit of good news for Compass, which has seen its stock price soar over the past year.

VI Analysis – Compass Intrinsic Value

Compass Group PLC is a United Kingdom-based company, which provides food and support services. The Company’s segments include Europe, North America, Asia Pacific and Middle East & Africa. Its Europe segment consists of operations in the United Kingdom, Ireland, Spain, Germany and Italy. The North America segment comprises operations in the United States, Canada and Mexico. The Asia Pacific segment includes operations in Japan, Australia, New Zealand and India.

The Middle East & Africa segment comprises operations in South Africa, Egypt, UAE and Saudi Arabia. The Company’s services include catering, cleaning, facility management, property management and support services for major sporting and business events. It operates through a number of brands, including Eurest, Restaurant Associates, Levy Restaurants and Holman Specialist Services.

Summary

According to a report from The Wall Street Journal, shares of Compass Inc. soared 13% in after hours trading on Tuesday after it was revealed that the real estate startup is the subject of a potential takeover bid. ET, after closing the regular session up just 1%. If a deal were to go through, it would be one of the largest acquisitions in the real estate technology space.