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Realogy announces sale of 25 million shares of common stock


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Madison-based Realogy announced Tuesday that certain funds affiliated with Apollo Global Management LLC have agreed to sell more than 25 million shares of Realogy common stock in a secondary public offering.

According to an announcement, this will fully divest Apollo of all the common shares in Realogy, and the latter will receive no proceeds from the transaction.

Goldman, Sachs & Co. and J.P. Morgan Securities LLC are underwriting the sale, purchasing the shares and offering them to investors.

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