Great Ajax shares are trading higher after the company announced that it entered into a definitive merger agreement where it will be acquired by Ellington Financial.
Portfolio Pulse from Benzinga Newsdesk
Great Ajax Corp. has announced a definitive merger agreement where it will be acquired by Ellington Financial. This has led to a rise in Great Ajax's share prices.
July 03, 2023 | 2:31 pm
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POSITIVE IMPACT
Great Ajax Corp. (AJX) is set to be acquired by Ellington Financial, causing a rise in its share prices.
The announcement of the acquisition by Ellington Financial has led to a positive market reaction, causing a rise in the share prices of Great Ajax Corp. This is likely due to the market's positive perception of Ellington Financial and the potential benefits of the merger.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100