RISMEDIA, April 11, 2007-Realogy Corporation has announced the completion of its merger with an affiliate of Apollo Management, L.P. The transaction was consummated at an aggregate enterprise value of approximately $8.5 billion.
Realogy stock will cease to trade on the New York Stock Exchange before the opening of the market today. Under private ownership, Realogy will no longer be listed on the NYSE. Pursuant to the terms of the merger agreement entered into on December 15, 2006 and adopted by Realogy's stockholders at a special meeting on March 30, 2007, Realogy stockholders are entitled to receive $30.00 in cash for each share of Realogy common stock that they hold, the company reports.
The conversion of shares of stockholders who hold Realogy shares through a bank or broker will be handled by the bank or broker. All stockholders of record hold uncertificated shares; accordingly, as soon as practicable, Mellon Investor Services, LLC, as paying agent, will mail checks to stockholders of record representing the merger consideration for the shares they held of record immediately prior to the consummation of the merger.
For more information, visit www.realogy.com.