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BRIEF-AR Capital Acquisition says announces approval of all proposals submitted at special meeting

Oct 7 AR Capital Acquisition

* In connection with closing, co changed its name to "Axar Acquisition Corp."

* Announced closing of transactions contemplated by agreement among company, Ar Capital, LLC ("arc") and Axar Master Fund Ltd

* AR Capital Acquisition Corp. announces approval of all proposals submitted at special meeting

* In connection with closing, Andrew Axelrod appointed as CEO and Lionel Benichou was appointed as chief financial officer Source text for Eikon: Further company coverage:

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