UWM Holdings Sweetens Two Harbors Bid to $12.50 Cash or Shares, Urges Vote Against Rival Deal
Summary
UWM Holdings has increased its acquisition offer for Two Harbors Investment Corp. to $12.50 per share in cash or 2.3328 shares of UWMC stock. The company is also actively urging Two Harbors stockholders to vote against the proposed merger with CrossCountry Mortgage (CCM) at the upcoming special meeting. This move escalates the ongoing bidding war for Two Harbors, building on UWMC's previous $12.00 per share offer and earlier proxy solicitations against the CCM deal. The sweetened offer and aggressive proxy solicitation demonstrate UWMC's strong commitment to acquiring Two Harbors, potentially increasing the likelihood of a successful bid and significantly impacting UWMC's strategic direction. Investors should monitor Two Harbors' response to the revised offer and the outcome of the May 19, 2026 special meeting.
At the time of this announcement, UWMC was trading at $3.33 on NYSE in the Finance sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $3.08 to $7.14. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: Wiseek News.