* | On August 29, 2018, Reis, Inc. (the “Registrant”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Moody’s Corporation, a Delaware corporation (“Moody’s”), and Moody’s Analytics Maryland Corp., a Maryland corporation and wholly-owned subsidiary of Moody’s (“Offeror”), pursuant to which Moody’s would acquire the Registrant. On October 15, 2018, pursuant to the Merger Agreement, after completion of a tender offer by Offeror for the outstanding shares of common stock of the Registrant, par value $0.02 per share (the “Shares”), at a price of $23.00 per Share, net to the holder in cash, without interest and less any applicable withholding taxes (the “Offer Price”), Offeror merged with and into the Registrant, with the Registrant continuing as the surviving corporation and a wholly owned subsidiary of Moody’s (the “Merger”). The Merger became effective on October 15, 2018 following the filing of the Articles of Merger with the State Department of Assessments and Taxation of the State of Maryland (the “Effective Time”). At the Effective Time of the Merger, among other things, each Share (other than any Shares held by Moody’s, any of Moody’s subsidiaries (including Offeror) or any subsidiary of the Registrant) was automatically cancelled and converted into the right to receive an amount in cash equal to the Offer Price. Prior to the Merger, a wholly-owned subsidiary of Registrant held 2,557,456 Shares. As a result of the Merger, Parent holds 11,571,797 shares of common stock of Registrant, par value $0.01 per share. A wholly-owned subsidiary of Registrant holds the remaining 2,557,456 shares of common stock of Registrant, par value $0.01 per share. |