Brief: Western Asset Mortgage Capital Says Board Determines AG Mortgage Investment Trust's Proposal Is Superior To Terra Property Trust Merger Agreement

TPG Mortgage Investment Trust

28/07/2023 01:34

July 27 (Reuters) - Western Asset Mortgage Capital Corp
 WMC.N :
    * WESTERN ASSET MORTGAGE CAPITAL CORPORATION BOARD
DETERMINES AG
MORTGAGE INVESTMENT TRUST, INC. PROPOSAL IS SUPERIOR TO TERRA
PROPERTY TRUST, INC. MERGER AGREEMENT
    * NOTIFIED TPT THAT IT INTENDS TO TERMINATE THEIR MERGER
AGREEMENT
UNLESS WMC RECEIVES A REVISED PROPOSAL FROM TPT BY AUG 3
    * AGREEMENT WITH TPT REMAINS IN FULL FORCE AND EFFECT, BOARD
HAS
NOT WITHDRAWN OR MODIFIED RECOMMENDATION REGARDING DEAL

Source text for Eikon:  ID:nBwWqVMba 
Further company coverage:  WMC.N 

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