Two Harbors shares rise; CrossCountry Mortgage agrees to buy company for $10.80 a share in cash

Reuters03-27

Two Harbors shares rise; CrossCountry Mortgage agrees to buy company for $10.80 a share in cash

CrossCountry agreed to acquire all outstanding common shares of Two Harbors for USD 10.80 per share in cash.
The prior merger agreement with UWM was terminated, and CrossCountry agreed to pay a USD 25.4 million termination fee to UWM.
Two Harbors’ Series A, Series B, and Series C preferred shares are expected to be redeemed after closing for USD 25.00 per share plus any accumulated and unpaid dividends.
The transaction is expected to close in the second half of 2026, subject to customary closing conditions.
After completion, Two Harbors is expected to be delisted from the NYSE and become a wholly owned subsidiary of CrossCountry.

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: 20260326083761) on March 27, 2026, and is solely responsible for the information contained therein.

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