Realogy Completes Tender Offer For ZipRealty - Quick Facts

(RTTNews) - Realogy Holdings Corp. (RLGY) announced the completion of the tender offer, through its indirect wholly-owned subsidiary, Honeycomb Acquisition, Inc., for all of the outstanding shares of common stock of ZipRealty, Inc. (ZIPR) at a purchase price of $6.75 per share. As a result of the tender offer, Realogy now beneficially owns, together with its subsidiaries, approximately 80.2% of the outstanding shares of ZipRealty.

The tender offer expired at 5:00 p.m., New York City time, on August 13, 2014. As of the expiration of the tender offer, 17,576,436 shares of common stock of ZipRealty were validly tendered and not withdrawn.

Upon completion of the merger on August 14, the common stock of ZipRealty will cease to be traded on the NASDAQ Global Market.