Shareholder Meeting Adjourned for Merger Vote; Court Denies Delay
TWO sits 42% above its 52-week low of $8.78.
Summary
Two Harbors adjourned its special meeting to solicit more votes for the CrossCountry Mortgage acquisition, but a court has cleared a legal challenge to the vote.
Key Events · M&A and Partnerships · TWO
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Special Meeting Adjourned
The special meeting of stockholders for the CrossCountry Mortgage acquisition has been adjourned from May 19, 2026, to May 28, 2026, to allow more time to solicit votes.
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Board Recommends "FOR"
The Board of Directors unanimously continues to recommend that stockholders vote "FOR" the $12.00 per share cash acquisition by CrossCountry Mortgage.
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Litigation Challenge Denied
A U.S. District Court denied a plaintiff's motion for a temporary restraining order seeking to delay the stockholder vote, finding the proxy disclosures sufficient.
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Merger Terms Confirmed
The definitive merger agreement, as amended, offers common stockholders $12.00 in cash per share, plus Q2 and pro-rated Q3 dividends. Preferred shares will be redeemed at $25.00 plus dividends.
Analysis · TWO · Real Estate & Construction
Two Harbors has adjourned its special shareholder meeting for the CrossCountry Mortgage acquisition, pushing the vote to May 28, 2026. This delay suggests the company needs more time to secure sufficient shareholder votes for the $12.00 per share cash deal. However, a court has denied a motion to temporarily restrain the vote, removing a legal hurdle.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.7% of the 1075 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TWO was trading at $12.50 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $8.78 to $14.17. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.