Two Harbors Announces Revised Merger Agreement with CrossCountry Mortgage
Two Harbors (TWO) has revised its merger agreement with CrossCountry Mortgage, increasing the per-share cash consideration from $10.80 to $11.30. The company terminated its previous merger agreement with UWM after receiving an unsolicited offer from CrossCountry in March 2026. The revised agreement follows a competing proposal from UWMC, which was evaluated by the Board.
Topics: acquisition corporate strategy merger shareholder value stock price