Other Events, Item 8.01
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of
Report (Date of earliest event reported): January 8, 2007
COSTAR
GROUP, INC.
|
(Exact
name of registrant as specified in its
charter)
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Delaware
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0-24531
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52-2091509
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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2
Bethesda Metro Center, Bethesda, Maryland
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20814
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code (301) 215-8300
Not
Applicable
|
(Former
name or former address, if changed since last
report.)
|
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
8.01. Other Events
CoStar
Limited, a wholly owned U.K. subsidiary of CoStar Group, Inc. (“CoStar”),
acquired Grecam S.A.S. (“Grecam”), a French société
par actions simplifiée,
from
Capmark Investments L.P. on December 21, 2006, pursuant to a Stock Purchase
Agreement for EUR 1,500,000 (approximately $2 million), subject to possible
downward price adjustments. Grecam, which was founded in 1978 by Hugues
Kirichian and Claude Ogier, will be operated by FOCUS Information Limited,
a
CoStar U.K. subsidiary. Grecam is in the business of providing and making
publicly available in a commercial forum property-level information and
market-level surveys, studies and consulting services, including information
through its website to databases aggregating such information. FOCUS
considered this acquisition as an opportunity to acquire high-quality
information on approximately 14,000 office and industrial buildings throughout
Paris. Grecam has approximately $1.1 million in annual revenues. The acquisition
is not expected to significantly affect CoStar’s 2006 earnings.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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COSTAR
GROUP, INC.
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|
|
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By:
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Date:
January 8, 2007
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/s/
Frank A. Carchedi
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Name:
Frank A. Carchedi
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Title:
Chief Financial Officer
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