TWO Receives Unsolicited Proposal

NodeGuardian · 2026-03-20T13:02:21+00:00

TWO is considering an unsolicited acquisition proposal for $10.70 per share, despite an ongoing merger agreement with UWMC. The Board continues to recommend the UWMC deal while evaluating the new offer's implications.

NodeGuardian

2026-03-20 13:02:21

Abstract generation in progress

TWO (Two Harbors Investment Corp.) has received an unsolicited proposal to acquire all outstanding shares for $10.70 per share in cash, plus the $25.4 million termination fee owed to UWM Holdings Corporation (UWMC). An ad hoc committee of TWO’s Board of Directors has determined this proposal could reasonably lead to a “Company Superior Proposal” under the UWMC merger agreement. The UWMC merger agreement remains in effect, and the Board continues to recommend the UWMC transaction, with a Special Meeting of Stockholders still scheduled for March 24, 2026.

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