Loading...
Loading...
Annaly Capital Management
NLY (“Annaly”) announced today
that, through a newly formed subsidiary, CXS Acquisition Corporation
(“Acquisition”), it has commenced an offer (the “Offer”) to purchase all
the shares of CreXus Investment Corp.
CXS (“CreXus”) that Annaly
does not already own for a price per share of $13.00 plus a sum
approximating a prorated portion of the dividend the tendering
stockholder would have received with regard to the quarter during which
the offer expires, in cash net to the seller, but subject to any
required withholding tax. The Offer will expire at 5:00 p.m. New York
City time on April 16, 2013, unless it is extended.
The Board of Directors of CreXus, acting in accordance with a unanimous
See full press release© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in