CoStar (CSGP) Closes LoopNet Acquisition
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CoStar Group, Inc. (Nasdaq: CSGP) announced today that it has completed its acquisition of LoopNet, Inc. previously announced on April 27, 2011, creating the premier information, marketing and analytics company in commercial real estate. CoStar is commercial real estate's leading provider of information and analytic services and LoopNet is the leading online commercial real estate marketplace.
The combined company will retain the name CoStar Group, Inc. and will continue to trade on the NASDAQ Global Select Market under the ticker symbol CSGP. LoopNet has requested that NASDAQ suspend trading of its common stock prior to the open of trading on May 1, 2012.
The combined company will retain the name CoStar Group, Inc. and will continue to trade on the NASDAQ Global Select Market under the ticker symbol CSGP. LoopNet has requested that NASDAQ suspend trading of its common stock prior to the open of trading on May 1, 2012.
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