The Two Harbors board of directors has rejected the updated hostile bid UWM Holdings made for the company, despite being 50 cents more per share than CrossCountry Mortgage is paying. Processing Content UWM’s latest offer of $12.50 does not constitute a “company superior offer,” the Two Harbors press release said. The rejection notice said the […]
Two Harbors rejects UWM’s hostile $12.50 offer Read More »
After CrossCountry Mortgage matched its $12 per share cash offer for Two Harbors Investment, UWM Holdings raised its bid by 50 cents, saying it provides “clearly superior value.” Processing Content The latest bid was disclosed Monday morning before the markets opened. However, for those looking to take the stock option, this has remained unchanged at
UWM raises Two Harbors offer again, this time by 50 cents Read More »
CrossCountry Mortgage has equaled UWM Holdings’ $12 per share offer for Two Harbors Investment, an increase of 70 cents from the agreed to transaction. Processing Content Previously, the Two Harbors’ board rejected the latest entreaty from UWM. But the change likely reflects, among other things, the elevated Two Harbors stock price since this bidding war
CrossCountry raises its Two Harbors bid to $12 per share Read More »
UWM Holdings, locked in a battle with CrossCountry for Two Harbors Investment, had a banner first quarter, with GAAP net earnings of $170.4 million. Processing Content This compared with $165.5 million in the fourth quarter, and a net loss of $247 million for the first quarter of 2025. Addressing the transaction, Chairman, CEO and President
UWM posts strong Q1 in the midst of Two Harbors battle Read More »
CrossCountry Mortgage has put out its own response to the latest statements from UWM Holdings regarding the financing conditions of their respective offers for Two Harbors. Processing Content UWM has made a cash or stock offer, but only the cash portion is for a set price of $12 per share. Meanwhile Two Harbors has an
CrossCountry responds to UWM’s comments on TWO deal Read More »
The Two Harbors Investment board’s rejection of the updated $12 per share offer from UWM Holdings will not be the coda on this hostile take-over battle, Keefe, Bruyette & Woods analyst Bose George stated. Processing Content “While TWO shares are likely to be weak, it’s not clear that this is the last word on the
TWO rejects UWM offer, but analyst says this isn’t the end Read More »
UWM Holdings’ latest bid for Two Harbors consists of $12 cash per share or 2.3328 shares of its common stock, looking to top the $11.30 per share cash price CrossCountry Mortgage agreed to pay. Processing Content The Troy, Michigan-based lender, whose previous all-stock deal to buy Two Harbors failed to obtain a quorum at the
UWM reaches directly to TWO shareholders with higher bid Read More »
A lunch meeting between once bitter adversaries turned into a business agreement that few in the mortgage industry saw coming this week. Processing Content Now aligned on the same side, United Wholesale Mortgage CEO Mat Ishbia and longtime Rocket executive Mike Fawaz raised eyebrows with their eye-opening new alliance that provides a big boost and
UWM’s Ishbia talks surprise partnership with past Rocket foe Read More »
While Two Harbors Investment returned to profitability in the first quarter on a GAAP basis, the real estate investment trust reported a loss using a non-GAAP metric, comprehensive income. Processing Content Shares of Two Harbors rose 55 cents to $11.56 in the first 10 minutes of Wednesday trading, after CrossCountry raised its acquisition offer to
Two Harbors turns GAAP profit amid CrossCountry bid Read More »
CrossCountry Mortgage has increased its bid for Two Harbors Investment by 50 cents per share for the common stock. This is in response to an unsolicited proposal on April 20 from original merger partner UWM Holdings, a press release said. Processing Content The new price will be $11.30 per share in the all-cash transaction. The
CrossCountry ups Two Harbors bid after new UWM proposal Read More »