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An announcement from Ready Capital ( (RC) ) is now available.
Ready Capital Corporation plans to acquire United Development Funding IV, enhancing its portfolio by integrating UDF IV’s land development lending platform. The merger, anticipated to boost Ready Capital’s earnings in 2025, offers UDF IV shareholders cash and stocks, with potential additional contingent value rights. This strategic move aims to diversify Ready Capital’s offerings and expand into new markets, providing significant value and liquidity to UDF IV shareholders.
Learn more about RC stock on TipRanks’ Stock Analysis page.
