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

|About: Annaly Capital Managemen... (NLY)|By:, SA News Editor

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)