Annaly Capital Management Inc said it will purchase the remaining shares of CreXus Investment Corp , valuing the company at $958 million. Annaly will pay $12.50 per share, a premium of 13 percent to CreXus's Friday closing price.
CreXus Investment Corp. is a real estate investment trust (REIT). Shares of CXS remained unchanged at $11.10. In the past year, the shares have traded as low as $9.06 and as high as $11.50. On average, 465494 shares of CXS exchange hands on a given day and today's volume is recorded at 0.
Annaly Capital Management, Inc. (Annaly) owns, manages, and finances a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, and other securities representing interests in or obligations backed by pools of mortgage loans. Shares of NLY remained unchanged at $14.98. In the past year, the shares have traded as low as $15.52 and as high as $17.75. On average, 9390870 shares of NLY exchange hands on a given day and today's volume is recorded at 0.
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