Two Harbors Investment (TWO) said Tuesday it again adjourned a special meeting of stockholders to July 2 for more time to solicit additional proxies in favor of the company's acquisition by CrossCountry Intermediate Holdco.
The board believes the deal is in the best interests of stockholders, urging them to vote in favor of the transaction at the upcoming special meeting, the company said.
The deal involves Two Harbors stockholders receiving $12 per share in cash as well as a pro-rated stub dividend. The merger is expected to close in August, according to a statement.
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