Representation of AG Mortgage Investment Trust in Successful Topping Bid
Hunton Andrews Kurth LLP advised AG Mortgage Investment Trust, Inc., a publicly traded residential mortgage REIT managed by an affiliate of Angelo, Gordon & Co., L.P., in its successful topping bid to acquire Western Asset Mortgage Capital Corporation (“WMC”). WMC had previously entered into a merger agreement with a third party but determined that the AG Mortgage transaction constituted a “superior proposal,” terminated the previous merger agreement, and entered into a new merger agreement with AG Mortgage. At closing, WMC stockholders will receive a combination of AG Mortgage common stock and, from AG Mortgage’s external manager, cash.
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