UWM urges Two Harbors holders to reject CrossCountry merger, back USD 12.5 offer

Two Harbors Investment Corp.
UWM Holdings Corp. Class A

Two Harbors Investment Corp.

TWO

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UWM Holdings Corp. Class A

UWMC

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  • UWM Holdings is seeking a business combination with Two Harbors Investment at USD 12.5 per share, with an alternative election of 2.3328 UWM shares for stockholders who prefer stock consideration.
  • The proposal is being positioned against Two Harbors’ planned merger with CrossCountry Mortgage, which values Two Harbors at USD 12 per share adjusted for an interim-period dividend.
  • A special meeting to vote on the CrossCountry transaction is scheduled for May 19, 2026.
  • UWM Holdings cited committed bridge financing from Mizuho and said it expects to close within about two months of signing an agreement.
  • ISS, Glass Lewis, and Egan-Jones recommended voting against the CrossCountry transaction, citing concerns about the sale process and management compensation.


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 Business Wire (Ref. ID: 20260518861635) on May 18, 2026, and is solely responsible for the information contained therein.

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