CreXus (CXS) shareholders wake up to a nice surprise, with the board accepting a raised buyout...

|About: CreXus Investment Corpor... (CXS)|By:, SA News Editor

CreXus (CXS) shareholders wake up to a nice surprise, with the board accepting a raised buyout offer from Annaly (NLY) - $13/share in cash from $12.50 previously. The company has 45 days to solicit and review offers from other parties, and Annaly will not add to its 12.4% stake in CreXus during this period. (PR)