(24/7 MARKET NEWS) – Ready Capital Corporation (NYSE: RC), a multi-strategy real estate finance company, and Broadmark Realty Capital Inc. (NYSE: BRMK), a specialty real estate finance company, stated, this morning, that they entered into a definitive merger agreement, in which Broadmark will merge with Ready Capital, with an implied an offer price of $5.90 per Broadmark share.
Broadmark is at $4.93, up $0.785 (17.69%), on 840 thousand premarket shares.
Its 52-week trading range is $3.515 to $8.91. It hit a premarket high of $5.36, about five minutes after the announcement.
24/7 MARKET NEWS, INC Disclaimer
24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.
Please go to www.247marketnews.com or https://www.247marketnews.com/terms-disclaimer/ for further information.