Annaly 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.
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