AG Mortgage stockholders approve acquisition of Western Asset Mortgage

seekingalpha2023-11-08

AG Mortgage Investment Trust (NYSE:MITT) stockholders approved the issuance of MITT's common stock, which will be used to effect its merger with Western Asset Mortgage Capital (NYSE:WMC), the company ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2381484564?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1097298712/image_1097298712.jpg","is_english":true,"pubTime":"2023-11-08 06:02","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2381484564","market":"us","top_or_hot":-1,"title":"AG Mortgage stockholders approve acquisition of Western Asset Mortgage","media":"seekingalpha","content":"<div>\n<p>AG Mortgage Investment Trust (NYSE:MITT) stockholders approved the issuance of MITT's common stock, which will be used to effect its merger with Western Asset Mortgage Capital (NYSE:WMC), the company ...</p>\n\n<a href=\"https://seekingalpha.com/news/4032470-ag-mortgage-stockholders-approve-acquisition-of-western-asset-mortgage\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AG Mortgage stockholders approve acquisition of Western Asset Mortgage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAG Mortgage stockholders approve acquisition of Western Asset Mortgage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-08 06:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4032470-ag-mortgage-stockholders-approve-acquisition-of-western-asset-mortgage><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AG Mortgage Investment Trust (NYSE:MITT) stockholders approved the issuance of MITT's common stock, which will be used to effect its merger with Western Asset Mortgage Capital (NYSE:WMC), the company ...</p>\n\n<a href=\"https://seekingalpha.com/news/4032470-ag-mortgage-stockholders-approve-acquisition-of-western-asset-mortgage\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MITT","symbol_name":"AG Mortgage Investment Trust","start_time":0,"source_url":"https://seekingalpha.com/news/4032470-ag-mortgage-stockholders-approve-acquisition-of-western-asset-mortgage","article_id":"2381484564","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1097298712/image_1097298712.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2381484564","pubTimestamp":1699394560,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"AG Mortgage Investment Trust  stockholders approved the issuance of MITT's common stock, which will be used to effect its merger with Western Asset Mortgage Capital , the company said Tuesday. As announced in August, each share of WMC common stock will be exchanged for 1.5 shares of MITT common stock for a total of 9.2M shares. In addition, AG Mortgage Investment's  external manager, Angelo Gordon, will pay a cash consideration of $1.12 per share to Western Asset Mortgage  stockholders.  Under the deal, MITT will acquire WMC through a merger into a wholly owned subsidiary of MITT. The transaction is expected to close in Q4 2023, subject to Western Asset Mortgage  approving the deal.   More on AG Mortgage Investment Trust, Western Asset Mortgage  AG Mortgage Investment: Income Name On Sale AG Mortgage Investment Trust Non-GAAP EPS of $0.10 misses by $0.01, revenue of $12.1M misses by $1.4M","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MITT":"AG Mortgage Investment Trust","BK4168":"多种金属与采矿","AG":"First Majestic Silver Corporation","BK4110":"抵押房地产投资信托","WRN":"西方铜金","BK4210":"白银"},"translate_title":"AG抵押贷款股东批准收购西部资产抵押贷款","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AG":1,"MITT":1,"WMC":1,"WRN":1},"content_text":"AG Mortgage Investment Trust (NYSE:MITT) stockholders approved the issuance of MITT's common stock, which will be used to effect its merger with Western Asset Mortgage Capital (NYSE:WMC), the company said Tuesday. As announced in August, each share of WMC common stock will be exchanged for 1.5 shares of MITT common stock for a total of 9.2M shares. In addition, AG Mortgage Investment's (MITT) external manager, Angelo Gordon, will pay a cash consideration of $1.12 per share to Western Asset Mortgage (WMC) stockholders.  Under the deal, MITT will acquire WMC through a merger into a wholly owned subsidiary of MITT. The transaction is expected to close in Q4 2023, subject to Western Asset Mortgage (WMC) approving the deal.   More on AG Mortgage Investment Trust, Western Asset Mortgage  AG Mortgage Investment: Income Name On Sale AG Mortgage Investment Trust Non-GAAP EPS of $0.10 misses by $0.01, revenue of $12.1M misses by $1.4M","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2381484564"}