Apollo/AR Capital Deal Falls ApartTermination of Acquisition Agreement • January 31st, 2013
Contract Type FiledJanuary 31st, 2013A deal between private-equity firm Apollo Global Management LLC (NYSE: APO) and real estate mogul Nicholas Schorsch’s AR Capital has been mutually terminated, according to a joint press release issued early Monday morning. RCS shares plummeted 45 percent following the announcment, with shares trading at $0.51 each at the time of publication.