Apollo to Sell Remaining Shares in Realogy as Home Values Surge
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Apollo Global Management LLC is selling its remaining shares in Realogy Holdings Corp, exiting its investment in the residential brokerage company as homebuying demand spurs the biggest jump in values since 2006.
Apollo and its affiliated funds agreed to sell about 25 million shares of Realogy common stock in a secondary public offering, Parsippany, New Jersey-based Realogy said in a statement yesterday.