Realogy Stockholders Give Final Approval for Buyout

//March 30, 2007

Stockholders approved a previously announced merger agreement, in which Realogy will be acquired by an affiliate of Apollo Management L.P. for $9 billion. The approvalRealogy Corp. (NYSE: H) stockholders approved a previously announced merger agreement, in which Realogy will be acquired by an affiliate of Apollo Management L.P. for $9 billion. The approval satisfies a required condition for the closing of the transaction. Parsippany-based Realogy, which owns Century 21, Coldwell Banker, ERA and SothebyÂs International Realty, is the worldÂs largest real estate franchiser. Under terms of the agreement, Realogy stockholders will receive $30 per share in cash. Realogy shares traded at $29.75, up $0.06, this afternoon.