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Apollo Global Management LLC To Shed Remaining $1.24 Billion Stake In Realogy-DJ


Tuesday, 16 Jul 2013 08:28pm EDT 

Dow Jones reported that Apollo Global Management LLC unveiled an offering to sell its remaining 25.1 million shares in the real-estate services firm. The deal is valued at $1.24 billion. It's being run as a block trade, meaning underwriters Goldman Sachs and J.P. Morgan have agreed to buy the entire stake and will re-offer the shares to investors overnight. The offering is yet another case of private-equity firms rushing to sell stakes this year in portfolio companies they've taken public, many of which have benefited from the stock market's broad gains. 

Company Quote

22.94
-0.14 -0.61%
4:00pm EDT