Brief: Western Asset Mortgage Capital Says Board Determines AG Mortgage Investment Trust's Proposal Is Superior To Terra Property Trust Merger Agreement
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NOT WITHDRAWN OR MODIFIED RECOMMENDATION REGARDING DEAL
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Further company coverage: WMC.N
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