Ellington Financial To Acquire Great Ajax For $7.33 Per Share
Portfolio Pulse from Benzinga Newsdesk
Ellington Financial is set to acquire Great Ajax for $7.33 per share, representing a 19% premium to the Great Ajax common stock closing price on the NYSE on June 30, 2023.
July 03, 2023 | 10:52 am
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POSITIVE IMPACT
Great Ajax shareholders are set to receive a 19% premium on their shares due to the acquisition by Ellington Financial.
The acquisition price represents a 19% premium to the Great Ajax common stock closing price. This could potentially lead to a positive impact on Great Ajax's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ellington Financial's acquisition of Great Ajax could potentially increase its asset base and revenue streams.
Acquisitions often lead to an increase in assets and potential revenue streams for the acquiring company. This could potentially lead to a positive impact on Ellington Financial's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100