RC - Ready Capital and Anworth Mortgage Asset announce merger transaction

Ready Capital (RC) acquires Anworth Mortgage Asset Corporation (ANH), whereby each share of Anworth common stock will be converted into 0.1688 shares of Ready Capital common stock and $0.61 of cash consideration.The combined company is expected to have a pro forma equity capital base in excess of $1 billion.The combination is expected to enhance shareholder liquidity and provide for increased operating leverage across the larger equity base.ANH +20% premarket to $2.83Source: Press Release

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Ready Capital and Anworth Mortgage Asset announce merger transaction