Chimera Investment Agreed To Acquire Palisades For $30M In Cash Plus Additional Potential Earnout Of Up To $20M Over Five Years Contingent Upon Achieving Certain Financial Targets, With The Option For Chimera To Pay 50% Of The Earnout Payments In Stock
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Chimera Investment Corporation has agreed to acquire Palisades for $30 million in cash, with an additional potential earnout of up to $20 million over five years, contingent on financial targets. Jack Macdowell, Jr. will become Chimera's Chief Investment Officer.
October 17, 2024 | 10:42 am
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Chimera Investment Corporation is acquiring Palisades for $30M in cash, with a potential $20M earnout. This acquisition could enhance Chimera's investment strategy and leadership with Jack Macdowell, Jr. joining as CIO.
The acquisition of Palisades by Chimera Investment Corporation for $30M, with a potential $20M earnout, indicates a strategic move to enhance its investment portfolio. The appointment of Jack Macdowell, Jr. as CIO suggests a positive leadership change, likely to impact Chimera's future performance positively.
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