RISMEDIA, April 2, 2007-Realogy Corporation announced that its stockholders approved the merger agreement providing for the acquisition of Realogy by an affiliate of Apollo Management, L.P. at a special meeting of stockholders. Stockholder approval satisfies a required condition to the closing of the transaction.
As previously disclosed, subject to the satisfaction of other customary conditions to closing, Realogy anticipates that the transaction will be completed on or about April 10, 2007, after which time shares of Realogy common stock will no longer be listed on the New York Stock Exchange.
Upon the completion of the merger each outstanding share of Realogy common stock will be converted into the right to receive $30.00 in cash, without interest and less any applicable withholding taxes.
For more information, visit www.realogy.com.
Copyright© 2016 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com