UWMC Boosts Two Harbors Takeover Bid to $12.50/Share, Pressuring Board Ahead of Vote
Summary
UWM Holdings Corp. (UWMC) has increased its acquisition proposal for Two Harbors Investment Corp. (TWO) to $12.50 per share in cash, or 2.3328 shares of UWMC stock, for all stockholders. This revised offer, up from the previous $12.00 per share, aims to provide superior value compared to Two Harbors' proposed merger with CrossCountry Mortgage, LLC (CCM). This escalation follows UWMC's public challenge to Two Harbors' board for rejecting its prior offer and its filing of a preliminary proxy statement against the CCM merger. The increased bid significantly raises the stakes in the ongoing hostile takeover attempt, putting considerable pressure on Two Harbors' board to engage. The critical next step will be the special meeting of Two Harbors stockholders on May 19, 2026, where they are scheduled to vote on the CCM proposal, and how shareholders respond to UWMC's sweetened offer.
At the time of this announcement, TWO was trading at $12.51 on NYSE in the Finance sector, with a market capitalization of approximately $1.3B. 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.