Hunton Andrews Kurth Represents 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.

This is the firm’s third representation involving a publicly traded mortgage REIT merger this year.

The Hunton Andrews Kurth team was led by Real Estate Capital Markets practice head Rob Smith, M&A partners Jim Kennedy and Steven Haas, and tax partner Kendal Sibley. The team also included corporate associates Charles Matthews, Greta Chwalek, and Elizabeth White, tax counsel Anna Page, and tax associate Patrick Tricker.