Seeking Alpha

CreXus Investment (CXS) is downgraded to Hold from Buy at Deutsche Bank following Annaly's...

CreXus Investment (CXS) is downgraded to Hold from Buy at Deutsche Bank following Annaly's $12.50 cash bid. Deutsche expects no other bidders will emerge, and the CreXus board will accept the offer. With the stock trading at $12.40, it doesn't leave a lot of upside.
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