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

summarizeSummary

UWM Holdings Corp. increased its offer to acquire Two Harbors Investment Corp. to $12.50 per share in cash or stock, intensifying its proxy battle against a rival bid and urging Two Harbors shareholders to vote against the competing merger.

check_boxKey Events · M&A and Partnerships · UWMC

• Increased Acquisition Offer

  UWM Holdings raised its proposal to acquire Two Harbors Investment Corp. to $12.50 per share in cash or 2.3328 shares of UWMC stock. This follows its previous $12.00 offer on May 4, 2026.

• Proxy Fight Escalation

  The company is actively soliciting Two Harbors shareholders to vote AGAINST the proposed merger with CrossCountry Mortgage at the special meeting scheduled for May 19, 2026.

• Superior Value Claim

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

• Criticism of Target Board

  UWMC criticized Two Harbors' board for refusing to engage and for prioritizing management payouts over maximizing shareholder value.

auto_awesomeAnalysis · UWMC · Finance

UWM Holdings Corp. has escalated its pursuit of Two Harbors Investment Corp. by increasing its acquisition offer to $12.50 per share in cash or 2.3328 shares of UWMC stock. This revised proposal, which is higher than its previous $12.00 offer and the competing CrossCountry Mortgage bid, signals UWMC's strong commitment to the acquisition. The company is actively engaging in a proxy fight, urging Two Harbors shareholders to reject the rival merger and demand engagement with UWMC, highlighting a contentious battle for control.