NEW YORK, NY--(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.
For a complete copy of the company’s news release, please
contact:
Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
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