MTGE Investment to Sell to Annaly for $900 Million

Washington, DC – June 18, 2018 – Cooley advised MTGE Investment on its definitive merger agreement under which Annaly Capital Management will acquire MTGE for consideration to be paid in cash and shares of Annaly common stock. The transaction is expected to close in Q3 2018. Cooley partners Tom Salley and Kevin Mills led the team advising MTGE.

“We are excited to have reached an agreement with Annaly for the sale of our company and expect that our shareholders will benefit from the increased diversification, scale and liquidity of the Annaly platform,” said Randy Dobbs, chairman and lead independent director of MTGE, in a news release.

MTGE is a real estate investment trust that invests in and manages a leveraged portfolio of agency mortgage investments, non-agency mortgage investments and other real estate-related investments.

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Related Contacts
Thomas Salley  Senior Counsel Washington, DC, Reston
Kevin Mills  Senior Counsel Washington, DC
Aaron Binstock  Partner Washington, DC
Matthew D. Silverman  Special Counsel San Diego
Lesse Castleberry  Senior Counsel New York
David Walsh  Partner Reston
Koji Fukumura  Partner San Diego
Peter Adams  Partner San Diego
Sarah Lightdale  Partner New York
Jacqueline Grise  Partner Washington, DC
Sharon Connaughton  Special Counsel Washington, DC