AG Mortgage Investment Trust and Western Asset Mortgage Capital Corporation Announce Final Exchange Ratio for Proposed Merger
Any difference between $7,000,000 and such smaller amount will be used to benefit the combined company post-closing by offsetting reimbursable expenses that would otherwise be payable to MITT Manager.
- Any difference between $7,000,000 and such smaller amount will be used to benefit the combined company post-closing by offsetting reimbursable expenses that would otherwise be payable to MITT Manager.
- Cash will be paid in lieu of fractional shares of MITT common stock that would have been received as a result of the Merger.
- The Merger Agreement has been approved by both companies’ boards of directors.
- The completion of the Merger is subject to the satisfaction of certain customary conditions, including approval of the common stockholders of both MITT and WMC.