Realogy To Go Private for $9 Billion

Apollo Management has agreed to acquire real estate franchisor Realogy Corp. (NYSE: H) for $30 per share. The entire deal is valued at approximately $9 billion, including around $1.6 billion in assumed debt and approximately $750 million of other liabilities. Apollo is committing $2 billion of equity, and has secured leveraged financing commitments from JPMorgan, Credit Suisse and Bear Stearns. Evercore Partners served as financial advisor to Realogy.< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />