Broadmark Realty Capital to merge with Ready Capital

(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.

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