Brief: AG Mortgage Investment Trust Submits Offer To Acquire Western Asset Mortgage Capital Corporation

TPG Mortgage Investment Trust

13/07/2023 13:56

July 13 (Reuters) - AG Mortgage Investment Trust Inc
 MITT.N :
    * AG MORTGAGE INVESTMENT TRUST SUBMITS OFFER TO ACQUIRE
WESTERN
ASSET MORTGAGE CAPITAL CORPORATION FOR IMPLIED PRICE OF $9.88
PER SHARE
    * AG MORTGAGE INVESTMENT TRUST INC - PROPOSED DEAL FOR STOCK
CONSIDERATION OF $8.90 PER SHARE AND CASH CONSIDERATION OF $0.98
PER SHARE
    * AG MORTGAGE INVESTMENT TRUST INC - URGES WMC'S BOARD TO
PROMPTLY
ENGAGE WITH MITT TO ACCEPT ITS "SUPERIOR PROPOSAL"
    * AG MORTGAGE INVESTMENT TRUST INC - TRANSACTION TO NOT
REQUIRE
ANY FINANCING CONDITION

Source text for Eikon:  ID:nBw8fWDwLa 
Further company coverage:  MITT.N