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CYS Investments shareholders OK merger with Two Harbors

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CYS Investments shareholders OK merger with Two Harbors

CYS Investments Inc. shareholders on July 27 approved a merger agreement with Two Harbors Investment Corp.

The merger is expected to close July 31.

Under the terms of the deal, each outstanding CYS common share will be converted into the right to receive 0.4680 newly issued Two Harbors common share and cash consideration of 9.65 cents per share.