Two Harbors deems CrossCountry Mortgage’s USD 10.70-per-share bid superior to UWM deal

Reuters03-23

Two Harbors deems CrossCountry Mortgage’s USD 10.70-per-share bid superior to UWM deal

An unsolicited CrossCountry Mortgage proposal to acquire Two Harbors for USD 10.70 per share in cash was determined to be a superior proposal under the existing UWM merger agreement.
The CrossCountry Mortgage offer also includes payment of a USD 25.4 million termination fee that would be owed to UWM if the UWM agreement is terminated.
A match-right period for UWM runs until 11:59 a.m. ET on March 25, 2026, and UWM has proposed revised terms that are under discussion.
A separate third party submitted an unsolicited proposal that includes a cash offer of USD 10.75 per share plus payment of the USD 25.4 million termination fee.
The special meeting of Two Harbors stockholders was postponed to April 7, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Two Harbors Investment Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260322705942) on March 23, 2026, and is solely responsible for the information contained therein.

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