Annaly Capital Management to Acquire CreXus Investment Corp for $13.00/Share

CreXus Investment Corp. CXS (the “Company”) announced today that it has entered into a definitive merger agreement pursuant to which Annaly Capital Management, Inc. NLY (“Annaly”) will acquire all of the outstanding shares of common stock of the Company not currently owned by Annaly for $13.00 per share in cash. The transaction, which is structured as a tender offer followed by a merger, has been approved by the Company's board of directors upon the unanimous recommendation and approval of a Special Committee consisting of the Company's three independent directors. The $13.00 per share price represents a 17.1% premium to the Company's unaffected share price on November 9, 2013, the trading day prior to See full press release