Ready Capital Corp

NYSE:RC  
14.29
+0.55 (+4.00%)
4:00:00 PM EDT: $14.31 +0.02 (+0.14%)
Debt Financing / Related, Mergers / Acquisitions

Ready Capital Corp Says Co And Anworth Mortgage Asset Corporation Announce Merger Transaction

Published: 12/07/2020 11:29 GMT
Ready Capital Corp (RC) - Ready Capital Corp - Co and Anworth Mortgage Asset Corporation Announce Merger Transaction.
Ready Capital Corp - Pursuant to the Merger, Co Will Acquire Anworth Through Anworth’s Merger With and Into Wholly Owned Subsidiary of Ready Capital.
Ready Capital Corp - Combined Co is Expected to Have Pro Forma Equity Capital Base in Excess of $1 Billion.
Ready Capital Corp - Upon Deal Close, Ready Capital Stockholders Expected to Own About 76% of Combined Co's Stock.
Ready Capital Corp - Each Share of Anworth Common Stock Will Be Converted Into 0.1688 Shares of Co's Common Stock and $0.61 of Cash Consideration.
Ready Capital Corp - Co's Chairman and CEO Thomas Capasse Will Lead the Company.