Annaly Capital Management to Acquire CreXus Investment Corp. for $12.50/Share in Cash

Annaly Capital Management NLY announced today that it has proposed to the Board of Directors of CreXus Investment Corp. CXS to acquire for cash all of the shares of CreXus that Annaly does not currently own. CreXus has approximately 76,630,528 shares of common stock outstanding, of which Annaly holds 9,527,778 shares, or approximately 12.4%. PROPOSAL TERMS Under the terms of the proposal, Annaly proposes to acquire all the CreXus shares it does not already own for $12.50 per share in cash. This represents approximately a 13% premium to CreXus' last reported share price, approximately a 16% premium to the See full press release