US EditionDeal Drama Ends As Two Harbors Picks CrossCountry Over UWM - Two Harbors Investment (NYSE:TWO)
Two Harbors terminated its merger with UWM and agreed to be acquired by CrossCountry for $10.80 per share, creating a fully integrated mortgage company with $370 billion servicing portfolio.
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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 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.
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