UWMC Urges TWO Shareholders to Reject Current Merger, Reaffirms $12.50 Superior Offer Ahead of May 28 Vote

summarizeSummary

UWM Holdings Corporation (UWMC) is actively campaigning against Two Harbors' proposed merger with CrossCountry Mortgage, urging shareholders to vote against the deal and consider UWMC's $12.50 per share offer.

check_boxKey Events

• UWMC Urges Vote Against CCM Merger

  UWM Holdings Corporation (UWMC) has issued a statement urging Two Harbors Investment Corp. (TWO) stockholders to vote AGAINST the proposed merger with CrossCountry Mortgage, LLC (CCM) at the upcoming special meeting.

• Reiterates Superior $12.50 Offer

  UWMC reaffirms its proposal to acquire Two Harbors for a superior offer of $12.50 per share in cash or 2.3328 shares of UWMC stock, compared to CCM's current $12.00 per share offer.

• Special Meeting Adjourned to May 28

  The special meeting for the CCM transaction, where shareholders will vote on the merger, has been adjourned to May 28, 2026, providing more time for proxy solicitation.

• Criticizes TWO Board's Process

  UWMC criticizes the Two Harbors Board for repeatedly recommending inferior transaction terms and for its refusal to engage with UWMC, arguing the process has failed to maximize shareholder value.

auto_awesomeAnalysis

UWM Holdings Corporation (UWMC) is actively campaigning against Two Harbors' proposed merger with CrossCountry Mortgage (CCM), directly challenging the Two Harbors Board's recommendation. UWMC is urging shareholders to vote against the current $12.00 per share cash offer from CCM, reiterating its own superior offer of $12.50 per share in cash or stock. This creates a contested acquisition scenario, with the outcome of the rescheduled May 28 special meeting being critical. A rejection of the CCM deal could force the Two Harbors Board to engage with UWMC or potentially lead to a higher bid from CCM, directly impacting shareholder value.