UWM to acquire Two Harbors in all-stock deal valued at $1.3B

TWO HARBORS INVESTMENT CORP.

Two Harbors stockholders get 2.3328 UWMC shares per TWO share, a 21% premium over 30-day VWAP.
Transaction expected to close in Q2 2026, subject to TWO stockholder and regulatory approvals.
Combined MSR portfolio ~$400B; annual cost and revenue synergies targeted at ~$150M.
UWM shareholders to own ~87% and TWO shareholders ~13% of combined company on fully diluted basis.
Boards of both companies unanimously approved; TWO will designate one director to expanded 11-member board.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.