UWM urges Two Harbors holders to vote against CrossCountry merger at June 11 meeting, backing USD 12.5-per-share bid
UWM Holdings Corp. Class A UWMC | 0.00 |
- UWM Holdings escalated its campaign to block Two Harbors’ proposed merger with CrossCountry Mortgage ahead of the June 11 shareholder vote.
- UWMC urged Two Harbors holders to vote against the CrossCountry deal, against the non-binding compensation advisory proposal, and against the adjournment proposal.
- UWMC reiterated its May 11 proposal to buy Two Harbors for USD 12.5 a share in cash, with an alternative election of 2.3328 UWMC Class A shares.
- The letter criticized Two Harbors’ board for repeated adjournments after two failed votes, calling the process value-destructive and poorly governed.
- UWMC signaled willingness to modify terms through engagement, including changes to the stock-election default mechanism for smaller shareholders.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UWM Holdings Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001783398-26-000095), on June 05, 2026, and is solely responsible for the information contained therein.
