Real estate investor Annaly Capital Management Inc. (NYSE: NLY) is buying all the shares of CreXus Investment Corp. (NYSE: CXS), that it does not currently own, for $872 million.

The deal, announced Jan. 31, has been approved by the CreXus board and values the New York-based target at about $996 million.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.