Apollo To Fully Exit Realogy In $1.2B Secondary Share Sale

Law360, New York (July 17, 2013, 1:14 PM EDT) -- New York private equity firm Apollo Global Management LLC is staging a complete exit from its investment in New Jersey-based real estate servicer Realogy Holdings Corp. through a secondary share sale worth $1.24 billion, the company said late on Tuesday.

Apollo and its affiliates will sell its remaining interest — more than 25 million shares — in Realogy, a company it bought for nearly $7 billion in 2007 and publicly listed last year as the U.S. stock and housing markets began to rebound after a tough...
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