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