Two Harbors board rejects UWMC revised offer, backs CrossCountry USD 12 cash deal

Two Harbors

Two Harbors

TWO

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  • Two Harbors reached deal to merge with CrossCountry Mortgage at USD 12 per share in cash, with financing in place and a stockholder meeting set for May 19, 2026.
  • Board rejected UWM Holdings’ revised unsolicited proposal, saying it would not be expected to lead to a superior offer versus CrossCountry terms.
  • UWM pitch highlighted USD 12.5 per share cash, but default consideration would be UWM stock valued at about USD 7.58 per Two Harbors share based on May 12, 2026 close.
  • CrossCountry price represents a 21% premium to Two Harbors’ unaffected share price and a 119% premium to fully diluted tangible book value, according to Two Harbors.


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. Two Harbors Investment Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260512672702) on May 13, 2026, and is solely responsible for the information contained therein.

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