WASHINGTON (dpa-AFX) - After spiking higher at the open, shares of Hatteras Financial (HTS) continue to see significant strength in afternoon trading on Monday. Hatteras is currently up by 10.2 percent after reaching its best intraday level in well over five months.
The jump by Hatteras comes after the mortgage real estate investment trust agreed to be acquired by rival Annaly Capital Management (NLY) for $1.5 billion in cash. The deal values Hatteras at $15.85 per share compared to Friday's close of $14.26 per share.
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