Ladenburg Thalmann Downgrades CreXus Investment Corp. (CXS) to Neutral
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Deutsche Bank Downgrades CreXus Investment Corp. (CXS) to Hold
November 12, 2012 4:46 PM ESTDeutsche Bank downgraded CreXus Investment Corp. (NYSE: CXS) from Buy to Hold with a price target of $12.50 (from $12.00) following today's proposed buyout.
"We do not expect any other bidders to emerge and expect CXS to accept Annaly's offer," the firm said.... More
Annaly (NLY) Proposes $12.50/Share Takeover of CreXus Investment (CXS)
November 12, 2012 6:01 AM ESTAnnaly Capital Management, Inc. (NYSE: NLY) has proposed to the Board of Directors of CreXus Investment Corp. (NYSE: CXS) (CreXus) to acquire for cash all of 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 9,527,778 shares, or approximately 12.4%.... More
