Oct 7 (Reuters) - 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: