BRIEF-Chimera Investment To Acquire Palisades For $30 Mln Plus $20 Mln Earnout-March 2024-www.financetom.com

BRIEF-Chimera Investment To Acquire Palisades For $30 Mln Plus $20 Mln Earnout

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BRIEF-Chimera Investment To Acquire Palisades For $30 Mln Plus $20 Mln Earnout

Oct 17, 2024 2:18 PM

Oct 17 (Reuters) - Chimera Investment Corp ( CIM/PA ):

* CHIMERA INVESTMENT CORPORATION ( CIM/PA ) ("CHIMERA")

ANNOUNCES

DEFINITIVE AGREEMENT TO ACQUIRE PALISADES GROUP

* CHIMERA INVESTMENT CORP ( CIM/PA ) - TO ACQUIRE PALISADES FOR $30

MILLION

PLUS $20 MILLION EARNOUT

* CHIMERA INVESTMENT CORP ( CIM/PA ) - TRANSACTION EXPECTED TO BE

ACCRETIVE

TO EARNINGS IN 2025

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