Annaly Completes Acquisition of CreXus – CreXus to be Renamed Annaly Commercial Real Estate Group
23 Maio 2013 - 5:30PM
Business Wire
Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly”) announced
today that it has completed its acquisition of CreXus Investment
Corp. (NYSE: CXS) (“CreXus”). Annaly’s commercial real estate
business will be operated under the name Annaly Commercial Real
Estate Group.
Annaly acquired CreXus pursuant to an Agreement and Plan of
Merger dated January 30, 2013. In accordance with that agreement,
CreXus was today merged with a newly formed CreXus subsidiary in a
transaction in which Annaly became the sole stockholder of CreXus
and the persons who owned CreXus common stock immediately before
the merger became entitled to receive cash equal to $13.05206 for
each share of CreXus common stock that they owned immediately prior
to the merger.
Transmittal Forms by which former CreXus stockholders can submit
their CreXus stock certificates in order to receive the cash to
which they are entitled as a result of the merger will be
distributed to the persons who were CreXus stockholders immediately
before the merger. American Stock Transfer & Trust Company LLC
is acting as paying agent for the former CreXus stockholders.
As a result of the merger and related transactions, the New York
Stock Exchange terminated trading in CreXus shares following the
close of trading on May 23, 2013.
About Annaly
Annaly’s principal business objective is to generate net income
for distribution to shareholders from its investment securities and
from dividends it receives from its subsidiaries. Annaly is a
Maryland corporation that has elected to be taxed as a real estate
investment trust.
About CreXus
CreXus acquires, manages and finances, directly or through its
subsidiaries, commercial mortgage loans and other commercial real
estate debt, commercial real property, commercial mortgage-backed
securities and other commercial and residential real estate-related
assets. CreXus will be renamed Annaly Commercial Real Estate Group
following the closing of the merger.
Forward-Looking Statements
This news release and our public documents to which we refer
contain or incorporate by reference certain forward-looking
statements that are based on various assumptions (some of which are
beyond our control) may be identified by reference to a future
period or periods or by the use of forward-looking terminology,
such as “may,” “will,” “believe,” “expect,” “anticipate,”
“continue,” or similar terms or variations on those terms or the
negative of those terms. Actual results could differ materially
from those set forth in forward-looking statements due to a variety
of factors, including, but not limited to, changes in interest
rates; changes in the yield curve; changes in prepayment rates; the
availability of mortgage-backed securities for purchase; the
availability of financing and, if available, the terms of any
financings; changes in the market value of our assets; changes in
business conditions and the general economy; our ability to
integrate the commercial mortgage business; our ability to
consummate any contemplated investment opportunities; risks
associated with the businesses of our subsidiaries, including the
investment advisory business of our wholly-owned subsidiaries,
including: the removal by clients of assets managed, their
regulatory requirements, and competition in the investment advisory
business; risks associated with the broker-dealer business of our
wholly-owned subsidiary; changes in government regulations
affecting our business; our ability to maintain our qualification
as a REIT for federal income tax purposes; and our ability to
maintain our exemption from registration under the Investment
Company Act of 1940, as amended. For a discussion of the risks and
uncertainties that could cause actual results to differ from those
contained in the forward-looking statements, see “Risk Factors” in
our most recent Annual Report on Form 10-K and any subsequent
Quarterly Reports on Form 10-Q. We do not undertake, and
specifically disclaim any obligation, to publicly release the
result of any revisions which may be made to any forward-looking
statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such
statements.
Crexus Investment Corp. Crexus Investment Corp. (NYSE:CXS)
Gráfico Histórico do Ativo
De Fev 2025 até Mar 2025
Crexus Investment Corp. Crexus Investment Corp. (NYSE:CXS)
Gráfico Histórico do Ativo
De Mar 2024 até Mar 2025