Judge rejects Realogy’s bid to force $400M sale of Cartus

A judge has rejected Realogy’s bid to compel the would-be buyer of its relocation business, Cartus, to close the $400 million purchase. And now, the brokerage giant is pursuing a $30 million breakup fee for its trouble, according to Inman. Realogy sued Madison Dearborn Partners and subsidiary SIRVA in an effort to finalize the deal on a contract the firms entered into late last year. Realogy accused SIRVA and Madison Dearborn of using the coronavirus

source https://therealdeal.com/2020/07/22/judge-rejects-realogys-bid-to-force-400m-sale-of-cartus/