Realogy Corp. today announced that its shareholders approved the company’s acquisition by an affiliate of private-equity firm Apollo Management L.P. in a deal worth about $9 billion.

The company’s stock is expected to cease trading on the New York Stock Exchange on or about April 10, the company announced, when the deal is closed. The transaction is subject to other “customary conditions to closing,” the company announced.

In a U.S. Securities and Exchange document related to the proposed merger agreement, Realogy officials noted that the agreement was subject to regulatory review, including antitrust reviews.

In addition to the shareholders’ approval, the agreement provides that there cannot be an “order, injunction, decree or other legal restraint or prohibition preventing the consummation of the merger; and no governmental entity will have filed any action seeking to enjoin, restrain or otherwise prohibit the merger” in order for the deal to be finally approved.

Also, “any applicable waiting period (and any extension thereof) under (federal antitrust law) will have expired or been terminated, and approvals and authorizations from other applicable foreign antitrust authorities will have been granted.”

Several shareholder lawsuits were filed in the days after the Dec. 16 announcement about the proposed buyout, and litigation is ongoing. Separate groups of shareholder lawsuits were consolidated in Delaware Chancery Court and in New Jersey Superior Court, and Realogy earlier announced a tentative agreement to settle the group of New Jersey lawsuits, though that settlement hinges on court approval and dismissal of the Delaware lawsuits.

Realogy’s stock (NYSE: H) was trading at $29.74 per share as of 12:09 p.m. Eastern Time today, up 5 cents from the Thursday closing price. Upon the completion of the merger, owners of Realogy common stock are eligible to receive $30 in cash per share, without interest and less any applicable withholding taxes, according to the terms of the deal.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription