Mortgage REIT Annaly to Buy Hatteras Financial for $1.5 Billion

Mortgage REIT Annaly Capital Management, Inc.  (NYSE:NLY) said April 11 that it plans to buy fellow mortgage REIT Hatteras Financial Corp. (NYSE: HTS) in a cash and stock deal valued at $ 1.5 billion.

Annaly said Hatteras’ floating adjustable-rate mortgage (ARM) portfolio will complement its primarily fixed-rate agency portfolio.


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