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Annaly Capital (NLY) announces a $12.50 bid to acquire all of the shares of CreXus Investment...

Annaly Capital (NLY) announces a $12.50 bid to acquire all of the shares of CreXus Investment (CXS) it does not already own. The price represents about a 5% premium to CreXus' Sept. 30 reported book value and a 12.6% premium to Friday's close. Annaly currently owns about 12.4% of the company. (PR)
Comments (1)
  • If you can't make money buying MBS, just start buying other mREITs whole.

     

    Seems reasonable to me.

     

    NLY is up 1% or so today.
    12 Nov 2012, 10:37 AM Reply Like
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