Chimera Investment Agreed To Acquire Palisades For $30M In Cash Plus Additional Potential Earnout Of Up To $20M Over Five Years Contingent Upon Achieving Certain Financial Targets, With The Option For Chimera To Pay 50% Of The Earnout Payments In Stock

Benzinga · 10/17 10:42

Upon closing, Jack Macdowell, Jr., co-founder and Chief Investment Officer of Palisades, will become Chimera's Chief Investment Officer.