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NRZ - New Residential Investment readies 6.75M stock offering
New Residential Investment Corp.
New Residential Investment (NRZ) commenced a 45M shares public offering; underwriters granted 30-day option to purchase up to an additional 6.75M shares.Net proceeds to be used for financing its earlier announced acquisition of Caliber Home Loans and any remaining proceeds for investments and general corporate purposes.If the acquisition does not occur, it will use proceeds for general corporate purposes.Shares trading 2.2% down premarket