Apollo Residential Mortgage (AMTG) Misses Q4 EPS by 5c
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Apollo Commercial Real Estate Finance (ARI) Enters Agreement to Acquire Apollo Residential Mortgage (AMTG)
February 26, 2016 8:16 AM ESTApollo Commercial Real Estate Finance, Inc. (NYSE: ARI) and Apollo Residential Mortgage, Inc. (NYSE: AMTG) announced the signing of a definitive merger agreement (the Agreement) under which ARI will acquire AMTG for consideration to be paid in cash and shares of ARI common stock, which would value AMTG at approximately $14.59 per share of common stock based upon the closing price of ARIs shares of common stock on February 25, 2016 and assuming AMTGs book value per share of common stock on December 31, 2015. The value of the consideration represents a... More
