Annaly Capital (NLY) to Acquire CreXus (CXS) for $13/Share
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Annaly Capital (NLY) Begins Tender for CreXus Investment (CXS)
March 18, 2013 6:20 AM EDTAnnaly Capital Management, Inc. (NYSE: NLY) announced 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. (NYSE: 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... More
Credit Suisse Downgrades CreXus Investment Corp. (CXS) to Neutral
January 31, 2013 9:05 AM ESTCredit Suisse downgraded CreXus Investment Corp. (NYSE: CXS) from Outperform to Neutral on takeover.
For an analyst ratings summary and ratings history on CreXus Investment Corp. click here. For more ratings news on... More
