Two Harbors raises CCM merger cash consideration to $11.30/share after competing UWM bid

TWO HARBORS INVESTMENT CORP.

Per-share cash consideration increased to $11.30 from $10.80; special meeting remains May 19, 2026.
Termination fee payable by Two Harbors to CCM increased from $25.4M to $50.0M.
Two Harbors Board unanimously approved amended deal; reaffirms recommendation for stockholder vote.
Transaction expected to close in Q3 2026; preferred shares to be redeemed at $25.00 plus dividends.
Amendment follows unsolicited competing proposal from UWM Holdings Corporation received April 20, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TWO HARBORS INVESTMENT CORP. amended First Amendment to the Agreement and Plan of Merger with CrossCountry Intermediate Holdco, LLC valued at Increased per share consideration to $11.30 from $10.80; increased termination fee to $50.0 million (effective 2026-04-28).

Action: amendment
Agreement: merger
Counterparty: CrossCountry Intermediate Holdco, LLC
Value: Increased per share consideration to $11.30 from $10.80; increased termination fee to $50.0 million
Effective: 2026-04-28

Exact text from the filing

On April 28, 2026, Two Harbors Investment Corp. (“Two Harbors”) entered into a First Amendment to the Agreement and Plan of Merger (the “Amendment”), by and among Two Harbors, CrossCountry Intermediate Holdco, LLC (“CCM”) and CrossCountry Merger Corp., a wholly owned subsidiary of CCM (“Merger Sub”), to amend the terms of the previously disclosed Agreement and Plan of Merger, dated March 27, 2026 (the “Original CCM Merger Agreement” and, as amended by the Amendment, the “Amended CCM Merger Agreement”), by and among Two Harbors, CCM and Merger Sub.

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Source: SEC EDGAR

accession 0001104659-26-050822

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