Apollo to Acquire Angel Oak Mortgage REIT for $12.10/Share
Ticker: AOMN · Form: 8-K · Filed: Mar 26, 2025 · CIK: 1766478
| Field | Detail |
|---|---|
| Company | Angel Oak Mortgage Reit, Inc. (AOMN) |
| Form Type | 8-K |
| Filed Date | Mar 26, 2025 |
| Risk Level | medium |
| Sentiment | bullish |
Sentiment: bullish
Topics: acquisition, merger, real-estate
TL;DR
Apollo buying Angel Oak Mortgage REIT for $12.10 cash per share, deal expected Q2 2025.
AI Summary
Angel Oak Mortgage REIT, Inc. announced on March 25, 2025, that it has entered into a definitive agreement to be acquired by Apollo Commercial Real Estate Finance, Inc. The transaction is expected to close in the second quarter of 2025. Angel Oak Mortgage REIT, Inc. will be acquired for $12.10 per share in cash.
Why It Matters
This acquisition will lead to the consolidation of two real estate investment trusts, potentially impacting market dynamics and investor portfolios in the mortgage REIT sector.
Risk Assessment
Risk Level: medium — The acquisition is subject to customary closing conditions, including regulatory approvals, which introduce a degree of uncertainty.
Key Numbers
- $12.10 — Acquisition Price Per Share (Cash consideration for Angel Oak Mortgage REIT shareholders.)
- Q2 2025 — Expected Closing (Anticipated timeframe for the completion of the acquisition.)
Key Players & Entities
- Angel Oak Mortgage REIT, Inc. (company) — Registrant
- Apollo Commercial Real Estate Finance, Inc. (company) — Acquirer
- $12.10 (dollar_amount) — Acquisition price per share
- March 25, 2025 (date) — Date of definitive agreement
- Second quarter of 2025 (date) — Expected closing period
FAQ
What is the total value of the acquisition?
The filing does not explicitly state the total value of the acquisition, but it specifies the price per share as $12.10.
Who is acquiring Angel Oak Mortgage REIT, Inc.?
Apollo Commercial Real Estate Finance, Inc. is acquiring Angel Oak Mortgage REIT, Inc.
When is the acquisition expected to be completed?
The acquisition is expected to close in the second quarter of 2025.
What is the form of consideration for the acquisition?
The consideration is $12.10 per share in cash.
Are there any specific conditions to closing mentioned?
The filing states the transaction is subject to customary closing conditions, which would typically include regulatory approvals.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on March 26, 2025 regarding Angel Oak Mortgage REIT, Inc. (AOMN).