UWM urges Two Harbors holders to vote against CrossCountry mortgage merger at June 23 meeting

UWM Holdings Corp. Class A

UWM Holdings Corp. Class A

UWMC

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  • UWM Holdings escalated its proxy fight at Two Harbors ahead of a June 23 special meeting on the CrossCountry Mortgage merger.
  • UWMC urged Two Harbors shareholders to vote against the CrossCountry deal on its blue proxy card, citing a value-limiting process.
  • The campaign followed a third adjournment of the vote, with UWMC arguing the board imposed restrictive terms that blocked negotiations.
  • UWMC reaffirmed it is prepared to pursue a business combination with Two Harbors, including potential changes to consideration structure.


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