REITs M&A » By The Online Investor Staff, updated Tue., Apr. 16, 11:00 AM
Recent mergers and acquisitions in the REITs M&A category.
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Slide #53. Annaly Capital Management, Inc. — CreXus Investment Corp.
Acquirer:
Annaly Capital Management, Inc. (NLY)
Acquiree:
CreXus Investment Corp. (CXS)
Details:
Annaly Capital Management, Inc. announced today that it has proposed to the Board of Directors of CreXus Investment Corp. to acquire for cash all of the shares of CreXus that Annaly does not currently own. CreXus has approximately 76,630,528 shares of common stock outstanding, of which Annaly holds 9,527,778 shares, or approximately 12.4%.
Annaly Capital Management is an internally-managed real estate investment trust. Co. is capital manager with investment strategies across mortgage finance and corporate middle market lending. Co. owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer securities, other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans, mortgage servicing rights and corporate debt. Co.'s three investment groups are primarily comprised of the following: Annaly Agency Group; Annaly Residential Credit Group; and Annaly Middle Market Lending Group.
NLY SEC Filing Email Alerts Service
Preferreds: NLY.PRA, NLY.PRC, NLY.PRE, NLY.PRD, NLY.PRF, NLY.PRG, NLY.PRI
Open the NLY Page at The Online Investor » Annaly Capital Management is an internally-managed real estate investment trust. Co. is capital manager with investment strategies across mortgage finance and corporate middle market lending. Co. owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer securities, other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans, mortgage servicing rights and corporate debt. Co.'s three investment groups are primarily comprised of the following: Annaly Agency Group; Annaly Residential Credit Group; and Annaly Middle Market Lending Group.
NLY SEC Filing Email Alerts Service
Preferreds: NLY.PRA, NLY.PRC, NLY.PRE, NLY.PRD, NLY.PRF, NLY.PRG, NLY.PRI
Open the CXS Page at The Online Investor »
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