Item 8.01 Other Events.
On June 24, 2020, pursuant to the Agreement and Plan of Merger, dated May 13,
2020 (the "Agreement"), by and among CoStar Realty Information, Inc., a Delaware
corporation and wholly owned subsidiary of CoStar Group, Inc. ("CRI"), Crescendo
Sub, Inc., a Delaware corporation and wholly-owned subsidiary of CRI ("Merger
Sub"), Ten-X Holding Company, Inc., a Delaware corporation ("Ten-X"), and Thomas
H. Lee Equity Fund VII L.P., a Delaware limited partnership, solely in its
capacity as representative thereunder, Merger Sub was merged with and into Ten-X
(the "Merger"), with Ten-X surviving the Merger as a wholly-owned subsidiary of
CRI. In connection with the Merger, the equityholders of Ten-X immediately prior
to the consummation of the Merger became entitled to receive an aggregate
purchase price of $190 million in cash, subject to certain adjustments.
The foregoing description of the Merger and the Agreement is not complete and is
qualified in its entirety by reference to the Agreement, which was attached as
Exhibit 10.1 to our Current Report on Form 8-K filed on May 14, 2020 and is
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
10.1 Agreement and Plan of Merger, dated as of May 13, 2020, by and among Ten-X
Holding Company, Inc., CoStar Realty Information, Inc., Crescendo Sub,
Inc., and Thomas H. Lee Equity Fund VII, L.P., solely in its capacity as
representative thereunder (Incorporated by reference to Exhibit 10.1 to
CoStar Group's Current Report on Form 8-K, filed May 14, 2020).
The cover page from this Current Report on Form 8-K, formatted as Inline
104 XBRL.
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