◆ NeutralTWOTWODTWOpATWOpBTWOpCUWMC
UWM Escalates Fight For Two Harbors With Sweeter Bid
Benzinga·
UWM Holdings raised its acquisition offer for Two Harbors Investment to $12.50 per share, surpassing CrossCountry Mortgage's $12.00 offer. UWMC's revised proposal includes either $12.50 in cash or 2.3328 shares of UWMC stock with no cap on cash elections. The company criticized Two Harbors' board for refusing to engage and alleged management payouts influenced support for the CrossCountry deal. Two Harbors' board has reaffirmed its support for the CrossCountry merger, with a shareholder vote scheduled for May 19, 2026.
Read Full Article at Benzinga →