Two Harbors Acquisition Price Raised to $11.30/Share in Amended CrossCountry Merger Deal
Summary
Two Harbors Investment Corp. (TWO) and CrossCountry Mortgage, LLC have announced an amended merger agreement, increasing the per-share cash consideration for TWO common stockholders to $11.30 from the original $10.80. This amendment follows the TWO Board's thorough review of an unsolicited competing proposal from UWM Holdings Corporation, which was not previously detailed in SEC filings. The board has unanimously approved the revised terms and reiterates its recommendation for stockholders to vote in favor of the CrossCountry transaction at the special meeting scheduled for May 19, 2026, as indicated in the recent DEFM14A filing. This development provides increased value and greater deal certainty for TWO shareholders, resolving potential uncertainty from the competing bid. The transaction is still expected to close in the third quarter of 2026, subject to stockholder and regulatory approvals.
At the time of this announcement, TWO was trading at $11.26 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $8.78 to $14.17. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.