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Ellington Financial, Arlington Asset Investment Enter Definitive Merger Agreement

Author: Benzinga Newsdesk | May 30, 2023 07:14am

Ellington Financial will acquire Arlington. Upon completion of the acquisition, Ellington Financial is expected to have a pro forma equity capital base of over $1.5 billion. The respective closing stock prices for Ellington Financial and Arlington on May 26, 2023 imply an offer price of $4.77 per Arlington share, representing a 73% premium to Arlington's share price on May 26, 2023, and a 15% discount to diluted tangible book value per share as of March 31, 2023.

Posted In: AAIC EFC


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