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Stock Market & Financial Investment News

News Breaks
January 31, 2013
06:34 EDTNLY, CXSAnnaly Capital to acquire CreXus for $872M
Annaly Capital (NLY) has reached a definitive agreement with CreXus (CXS) to acquire for $13.00 per share in cash (plus a payment in lieu of a prorated dividend) all the shares of CreXus that Annaly does not currently own. CreXus has approximately 76,630,528 shares of common stock outstanding, of which Annaly holds 12.4%. The transaction values CreXus at $996M and represents a total consideration paid by Annaly of $872M. The price of $13.00 per share in cash represents approximately a 17.1% premium to CreXus’ last reported share price on November 9, 2012.
News For NLY;CXS From The Last 14 Days
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July 21, 2015
08:26 EDTNLYFBR expects negative reaction to Annaly CEO change
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July 20, 2015
16:09 EDTNLYAnnaly Capital names Kevin Keyes as CEO, effective September 30
Annaly Capital Management announced that its Board of Directors has appointed Kevin Keyes as its CEO. Keyes will also retain the title of President. Wellington Denahan, Annaly’s co-founder, Chairman and CEO, will remain Chairman of the Board of Directors and will also serve as Executive Chairman of the company focusing on strategic and capital allocation decisions.
July 15, 2015
12:37 EDTNLYAnnaly Capital jumps 0.8% to $9.60 after Gundlach discloses position
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12:36 EDTNLYGundlach says bought Annaly position few weeks ago
Gundlach sees "some safety" built into Annaly share price. Says "likes" Annaly stock. Doubleline Capital's Jeff Gundlach continues speaking on CNBC.

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