Deal Drama Ends As Two Harbors Picks CrossCountry Over UWM - Two Harbors Investment (NYSE:TWO)

Deal Drama Ends As Two Harbors Picks CrossCountry Over UWM - Two Harbors Investment (NYSE:TWO)

TWO to merge with CrossCountry Mortgage. Stockholders to receive $10.80/share; preferred shares redeemed at $25.00. See the full deal terms. Importance Rank:  1

Two Harbors terminates UWM deal for CrossCountry's superior $10.80 per share offer (TWO:NYSE)

Two Harbors Investment (TWO) on Thursday announced a new definitive merger agreement with CrossCountry Mortgage, terminating its previously-announced agreement with UWM Holdings (UWMC).

TWO and CrossCountry Mortgage Announce Definitive Merger Agreement

NEW YORK--(BUSINESS WIRE)--Mar 27, 2026-

UWMC Responds to Two Harbors Acquisition Deal

Two Harbors drops UWM deal for $10.80 cash bid from CrossCountry

Two Harbors Investment Corp. (TWO) has terminated its merger agreement with UWM Holdings Corp. and instead agreed to be acquired by rival CrossCountry Intermediate HoldCo in an all-cash deal valued at $10.80 per share. It remains unclear whether UWM will challenge the merger in court. The revised offer from CrossCountry values the company at approximately $1.13 billion, up from its prior $10.70-per-share bid. The transaction is not subject to an…

Two Harbors Investment Corp. to Merge with CrossCountry Mortgage

CrossCountry will also pay a termination fee of $25.4 million to UWM in accordance with the terms of its now-defunct merger agreement. Continue Reading Two Harbors Investment Corp. to Merge with CrossCountry Mortgage The post Two Harbors Investment Corp. to Merge with CrossCountry Mortgage appeared first on Weekly Real Estate News.