AcquisitionsMay 11, 2026, 04:23 PM
UWM Holdings Raises Two Harbors Acquisition Bid to $12.50/Share
AI Summary
UWM Holdings Corporation announced a revised proposal to acquire Two Harbors Investment Corp. for $12.50 per share in cash or 2.3328 shares of UWMC stock. This new offer is positioned as clearly superior to the pending $12.00 per share cash merger proposal from CrossCountry Mortgage, LLC. UWMC is actively urging Two Harbors stockholders to vote against the CCM merger at the upcoming special meeting on May 19, 2026, to compel the Two Harbors Board to engage with UWMC and maximize stockholder value.
Key Highlights
- UWM Holdings increased its acquisition proposal for Two Harbors to $12.50 per share in cash.
- Alternatively, Two Harbors stockholders can elect to receive 2.3328 shares of UWMC stock.
- The cash offer is available to all stockholders without cap or proration.
- The revised offer is presented as superior to CrossCountry Mortgage's $12.00 per share cash offer.
- UWMC urges Two Harbors stockholders to vote AGAINST the Proposed CCM Merger at the May 19, 2026 meeting.
- UWMC anticipates closing a transaction within approximately 2 months of signing an agreement.