Angelo Gordon-支援するd REIT in $300 mln 企て,努力,提案 for Western 資産 Mortgage

By Anirban Sen

NEW YORK, July 13 (Reuters) - AG Mortgage 投資 信用 Inc, a real 広い地所 投資 信用 (REIT) managed by Angelo Gordon & Co, made a 在庫/株-and-cash 申し込む/申し出 on Thursday for Western 資産 Mortgage 資本/首都 Corp, a peer managed by Franklin 資源s Inc, that values it at about $300 million, 含むing 負債.

If successful, AG Mortgage's 企て,努力,提案 would 混乱に陥れる/中断させる an all-在庫/株 取引,協定 that Western 資産 Mortgage 明かすd on June 28 to 合併する with Terra 所有物/資産/財産 信用 Inc (TPT), a REIT managed by Mavik 資本/首都 管理/経営 LP.

The を取り引きする TPT valued Western 資産 Mortgage at the time at $17.30 per 株. Western 資産 Mortgage 株 have 貿易(する)d 意味ありげに lower since, の近くにing on Wednesday at $8.35. This is because 投資家s have been skeptical about the value of TPT's 株, which do not 貿易(する) on any major 在庫/株 交流.

AG Mortgage's 申し込む/申し出 is 同等(の) to $9.88 per 株, an 18.2% 賞与金, によれば a letter AG Mortgage sent to Western 資産 Mortgage on Thursday that was reviewed by Reuters. The consideration consists of $8.90 per 株 payable in AG Mortgage 株 and $0.98 per 株 payable in cash.

"(Our) 在庫/株 貿易(する)s on the NYSE with an observable value, while TPT's 株 are not 名簿(に載せる)/表(にあげる)d and have never been valued by public markets through a 在庫/株 交流 名簿(に載せる)/表(にあげる)ing," AG Mortgage CEO T.J. Durkin wrote in the letter.

Western 資産 Mortgage did not すぐに reply to a request for comment on the 申し込む/申し出.

AG Mortgage also 申し込む/申し出d to waive about $2.4 million of 管理/経営 料金s after the 取引,協定 の近くにs, and 提案するd to 拡大する its board to 含む two of Western 資産 Mortgage's 独立した・無所属 directors. AG Mortgage 追加するd that its 提案するd 取引,協定 is not 支配する to any 財政/金融ing 条件.

Western 資産 Mortgage 投資するs in 居住の whole 貸付金s and mortgage-支援するd 安全s, as does AG Mortgage. Angelo Gordon, a credit and real 広い地所-焦点(を合わせる)d 投資 会社/堅い which 現在/一般に manages about $73 billion in 資産s, agreed in May to sell itself to 私的な 公正,普通株主権 会社/堅い TPG Inc for $2.7 billion. (報告(する)/憶測ing by Anirban Sen in New York; Editing by Stephen Coates)

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