FIDAC has more inside knowledge about CIM's assets than anybody else on the planet. Since CIM has not reported financials in over a year and will have to re-state all of their financials since CIM's IPO.
FIDAC is uniquely positioned to bid on their assets.
Nobody has any idea, except for FIDAC, how CIM's non agency assets are performing and what they are worth. NLY will also be able to lever up CIM's agency portfolio.
FIDAC should be able to buy CIM at very favorable prices. No other bidder could have their level of information.
When you think about it this way - hell yes NLY should buy CIM.