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Reported Earlier, UWMC Raises Two Harbors Offer To $12.00 Per Share Cash Or 2.3328 UWMC Shares, Backed By $1.3B Mizuho Committed Financing

Benzinga·05/01/2026 07:11:40
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  • Delivers amended offer to TWO Board allowing stockholders to elect $12.00 per share in cash ($0.70 per share more, or more than 6% higher, than CrossCountry Mortgage) or 2.3328 shares of UWMC common stock with no cap or proration on the amount of cash
  • Urges Two Harbors stockholders to tell the TWO Board that it must exercise its fiduciary duty to maximize value for its stockholders and negotiate in good faith with UWMC
  • UWMC provides additional detail on its prior offer not previously disclosed by the TWO board, the amended offer delivered today and why UWMC's new offer is so clearly superior