Jason Pellegrino to run a delisted Domain
Former CEO Jason Pellegrino will return to Domain as company president after the listing platform’s $3 billion sale to US property giant Costar is finalised.
The pending sale will also see Domain delisted from the ASX and become a “wholly owned indirect subsidiary of CoStar”.
Domain issued documents to the ASX overnight, including a scheme booklet that outlines Costar’s intentions should the sale be finalised, and the proposed sale price of $4.43 per share.