NEWARK, N.J. - Prudential Mortgage Capital, the commercial mortgage unit of Prudential Insurance Co., said Wednesday that it had agreed to buy WMF Group Ltd. of Vienna, Va., for $138 million.

Prudential would pay WMF's stockholders $8.90 per share, almost 50% more than the stock's Tuesday closing price. The stock soared on the deal announcement and was trading Thursday at $8.625 a share.

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