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CoStar (NASDAQ:CSGP) and Matterport (NASDAQ:MTTR) disclosed they received a request for more information from the Federal Trade Commission about their planned deal.
The effect of the second request is to extend the waiting period of the HSR Act until 30 days after the companies have substantially complied with the request, according to an 8-K filing on Wednesday.
The disclosure comes after CoStar (CSGP) last month voluntarily withdrew and refiled its HSR notification for its planned purchase of Matterport (MTTR) as the companies tried to avoid a second request.
CoStar (CSGP) submitted a filing under the U.K.’s National Security and Investment Act 2021 on May 7 and CoStar also submitted a briefing paper to the UK Competition and Markets Authority on June 5.
CoStar (CSGP) agreed in April to acquire spatial data company Matterport (MTTR) in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise value.