By Lisa Kerner
Charlotte, N.C., March 30 - Realogy Corp. stockholders approved the acquisition of the company for $30.00 per share by an affiliate of Apollo Management, LP at a special meeting held Friday.
Following completion of the $9 billion transaction - which is expected to be on or about April 10 - Realogy shares of common stock will no longer be listed on the New York Stock Exchange.
The merger agreement included a termination fee of $180 million, according to a company news release.
Realogy, a Parsippany, N.J., real estate franchisor, announced the merger agreement on Dec. 17.
| Acquirer: | Apollo Management, LP
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| Target: | Realogy Corp.
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| Transaction value: | $9 billion
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| Payment per share: | $30.00
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| Termination fee: | $180 million
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| Announcement date: | Dec. 17
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| Expected closing: | On or about April 10
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| Stock price for target: | NYSE: H; $29.69 on March 29
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