UWM Holdings Corp. Raises Two Harbors Acquisition Offer to $12.50/Share, Urges Vote Against Rival Bid

summarizeSummary

UWM Holdings Corp. increased its acquisition offer for Two Harbors Investment Corp. to $12.50 per share and is directly soliciting Two Harbors shareholders to vote against a rival merger with CrossCountry Mortgage.

check_boxKey Events

• Increased Acquisition Offer

  UWM Holdings Corp. (UWMC) raised its offer to acquire Two Harbors Investment Corp. to $12.50 per share in cash or 2.3328 shares of UWMC stock.

• Superior Value Claim

  UWMC asserts its new offer provides 'clearly superior value' compared to CrossCountry Mortgage's (CCM) $12.00 per share cash offer.

• Shareholder Solicitation

  UWMC is directly urging Two Harbors stockholders to vote AGAINST the proposed CCM merger at the special meeting on May 19, 2026.

• Criticism of Two Harbors Board

  UWMC criticizes the Two Harbors Board for refusing to engage and for prioritizing management payouts over maximizing shareholder value.

auto_awesomeAnalysis

This filing marks a significant escalation in the contested acquisition of Two Harbors Investment Corp. by UWM Holdings Corp. The increased offer of $12.50 per share, available to all Two Harbors shareholders, directly challenges the rival bid from CrossCountry Mortgage and puts substantial pressure on the Two Harbors board. UWM Holdings Corp.'s direct appeal to shareholders to vote against the CCM merger, coupled with accusations of the board prioritizing management payouts, indicates a determined effort to win shareholder support. The outcome of the May 19th shareholder meeting for Two Harbors will be critical in determining the future of this acquisition.