UWM urges Two Harbors holders to vote against CCM merger, press board to negotiate UWMC’s USD 12.5-a-share offer
UWM Holdings Corp. Class A UWMC | 0.00 |
- UWM escalated its proxy fight at Two Harbors after a second adjournment of the special meeting on CrossCountry Mortgage’s merger proposal.
- Urged Two Harbors shareholders to vote against the CCM merger on its BLUE proxy card, citing UWMC’s competing proposal at USD 12.5 per share.
- Offer alternative includes 2.3328 shares of UWMC stock per Two Harbors share, positioned against CCM’s “best and final” USD 12 per share.
- Called for Two Harbors’ board to negotiate with UWMC, arguing termination of the CCM deal requires an alternative agreement.
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