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Great Ajax Corp T.AJX


Primary Symbol: AJX

Great Ajax Corp. is an externally managed real estate company. The Company’s primary business is acquiring, investing in and managing a portfolio of mortgage loans. The Company operates in a single segment focused on re-performing mortgages, and to a lesser extent non-performing mortgages and real property. The Company primarily targets acquisitions of re-performing loans (RPLs), which are residential mortgage loans and non-performing loans (NPLs), which are residential mortgages. It invests in single-family and smaller commercial properties directly either through a foreclosure event of a loan in its mortgage portfolio, or, less frequently, through a direct acquisition. It may acquire RPLs and NPLs either directly or in joint ventures with institutional accredited investors. It may also acquire or originate small balance commercial loans. Its manager is Thetis Asset Management LLC. It conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.


NYSE:AJX - Post by User

Comment by Weisbrodon Oct 08, 2021 12:43pm
131 Views
Post# 33989259

RE:RE:Not quite over yet - any competing bids?

RE:RE:Not quite over yet - any competing bids?The process would be that another interested company would make a proposal to the AJX board. At that point the AJX board would likely issue a press release that they are considering another offer and potentially the value of the offer.

I think there are other companies that would be interested in AJX but there needs to be a first mover. That is Kubota. They now have the option to match a superior offer so they have a bidding advantage. Another offer may come in as a combination of cash and shares or a higher cash offer. Or there may not be another offer in which case AJX board has arguably done a good job in extracting the best immediate value.

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