Two Harbors Urges Shareholders to Vote for $11.30 CCM Merger Amidst Higher Unsolicited Bid

summarizeSummary

Two Harbors Investment Corp. is actively soliciting shareholder votes for its amended all-cash merger with CrossCountry Mortgage at $11.30 per share, despite a recently disclosed unsolicited $12.00 per share bid from UWM Holdings Corp.

check_boxKey Events

• Merger Solicitation

  Two Harbors is actively soliciting shareholder votes to approve its amended all-cash merger with CrossCountry Mortgage (CCM).

• Offer Price

  The proposed merger with CCM offers common stockholders $11.30 in cash per share, with preferred stock to be redeemed at $25.00 per share.

• Board Recommendation

  The Board of Directors unanimously recommends that stockholders vote "FOR" all proposals related to the CCM merger.

• Competing Bid Context

  This solicitation occurs concurrently with news of an unsolicited $12.00 per share bid for Two Harbors from UWM Holdings Corp., which is higher than the CCM offer.

auto_awesomeAnalysis

This DEFA14A filing serves as additional proxy material, actively urging shareholders to approve the amended all-cash merger agreement with CrossCountry Mortgage (CCM) for $11.30 per common share. The board unanimously recommends this offer. However, this solicitation comes on the same day that UWM Holdings Corp. publicly announced an unsolicited, higher bid of $12.00 per share for Two Harbors. The company's continued push for the lower CCM offer, despite a superior public bid, creates significant uncertainty and potential conflict for shareholders. Investors should carefully consider both offers and the board's rationale, especially given the current stock price of $12.48, which suggests market expectation of a higher valuation. The May 19, 2026, voting deadline is critical.