UWM renews call for Two Harbors holders to vote down CrossCountry Mortgage merger, backs $12.5-per-share offer

UWM Holdings Corp. Class A

UWM Holdings Corp. Class A

UWMC

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  • UWM Holdings reaffirmed its bid to acquire Two Harbors ahead of Two Harbors’ June 23 special meeting on a rival deal.
  • The proposal offers Two Harbors holders a choice of $12.5 per share in cash or 2.3328 UWMC shares per Two Harbors share.
  • Two Harbors has a separate agreement to merge with CrossCountry Mortgage at $12 per share, described as “best and final.”
  • UWMC indicated it remains open to negotiating deal terms, including changes to the election mechanism for consideration.


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