UWMC Intensifies Proxy Fight, Urges TWO Stockholders to Reject CCM Merger for Superior $12.50 Offer
summarizeSummary
UWM Holdings Corp. (UWMC) filed a definitive proxy statement, formally urging Two Harbors Investment Corp. (TWO) stockholders to reject the proposed CrossCountry Mortgage (CCM) merger in favor of UWMC's superior $12.50 per share offer.
check_boxKey Events
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Definitive Proxy Filed
UWM Holdings Corp. (UWMC) filed a definitive proxy statement (DEFC14A) to formally solicit votes from Two Harbors Investment Corp. (TWO) stockholders.
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Vote Against CCM Merger
UWMC urges TWO stockholders to vote "AGAINST" the proposed merger with CrossCountry Intermediate Holdco, LLC (CCM) at the special meeting on May 19, 2026.
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Superior UWMC Offer
UWMC highlights its offer of $12.50 per share in cash or 2.3328 shares of UWMC Class A common stock, which it claims is superior to CCM's $12.00 per share offer.
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Proxy Advisor Support
Leading independent proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co. LLC, have recommended that TWO stockholders vote "AGAINST" the Proposed CCM Merger.
auto_awesomeAnalysis
UWM Holdings Corp. (UWMC) has filed its definitive proxy statement, formally urging Two Harbors Investment Corp. (TWO) stockholders to vote against the proposed merger with CrossCountry Mortgage (CCM) at the upcoming May 19 special meeting. UWMC argues its $12.50 per share cash or stock offer is superior to CCM's $12.00 deal, citing better value, stronger financing, and a faster closing path. This filing is a critical step in UWMC's ongoing proxy battle to acquire TWO, especially with leading proxy advisory firms recommending against the CCM merger.
At the time of this filing, UWMC was trading at $3.22 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $5B. The 52-week trading range was $3.08 to $7.14. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.