Reported 1 day ago
Douglas Elliman Inc. (DOUG) is facing legal issues stemming from investigations involving former agents, yet has received a takeover bid from Anywhere Real Estate Inc. that could potentially double its stock price. The bid values the company at over $4 per share. Despite internal challenges, including criminal charges against past brokers and leadership changes, the firm remains a leading player in the real estate market. Following the acquisition news, DOUG's stock surged over 37%.
Source: YAHOO