Two Harbors Urges Stockholders to Approve CCM Deal, Warns of Stock Decline Without It

Corporate Action
โดย Business Wire·Read original
Summary · why it matters

Two Harbors Investment Corp. urged stockholders to vote for its pending acquisition by CrossCountry Mortgage, warning that failure to approve the $12.00 per share all-cash deal could lead to a significant decline in the company's stock price. The board noted that it directly engaged with UWMC to seek a superior proposal, but UWMC has not submitted one, taken any constructive action, or contacted the company since the waiver window closed nine days ago. UWMC's stock has fallen more than 50% since December 2025 and hit an all-time low on June 18, 2026, which would value its default stock consideration at only $5.18 per TWO share. The CCM transaction, described as CrossCountry's best and final offer, includes a pro-rated stub dividend estimated at approximately $0.23 per share and has already secured 47 of 53 required regulatory approvals with closing expected in August 2026. Stockholders are urged to vote on the WHITE proxy card today.

Impact on stocks 2

Financials± Mixed · 2 stocks
Two Harbors Investments Corp
TWO
▲ PositiveCapitalrelevance

The article urges stockholders to approve the $12.00 per share all-cash acquisition by CrossCountry Mortgage, warning that failure could lead to a significant stock decline.

UWM Holdings Corp
UWMC
▼ NegativeCompetitionrelevance

UWM Holdings is mentioned as not submitting a superior proposal and its stock has fallen over 50% since December 2025, which would value its default stock consideration at only $5.18 per share.

Off-coverage companies 1

CrossCountry Mortgage, LLCPrivate▲ Positive
Capitalrelevance

CrossCountry Mortgage is the acquirer in the pending acquisition, described as its best and final offer, with 47 of 53 regulatory approvals secured.

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