Annaly Capital Management (NLY) completed its acquisition of CreXus Investment Corp.
()'s commercial real estate business will operate under the new name, Annaly Commercial Real Estate Group.
Annaly acquired CreXus in January. In accordance with that agreement, CreXus merged with a newly formed CreXus subsidiary in a transaction in which Annaly became the sole stockholder of CreXus.
As a result of the merger and related transaction, the New York Stock Exchange terminated trading in CreXus shares.