Two Harbors raises all-cash merger consideration to $12.00/share in amended CrossCountry deal

TWO HARBORS INVESTMENT CORP.

Per-share cash consideration increased by $0.70 to $12.00, a 21% premium to the unaffected share price.
CrossCountry's fully committed $3.4B financing package includes a $1.4B unsecured commitment; no financing contingency.
Regulatory progress: 35 of 53 required approvals obtained; expected close in Q3 2026.
Board unanimously reaffirms recommendation; TWO stockholders vote May 19, 2026; UWMC stock consideration currently valued at $7.88/share.
Upon closing, TWO will be delisted from NYSE and become a wholly owned subsidiary of CrossCountry.

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 Second Amendment to the Agreement and Plan of Merger with CrossCountry Intermediate Holdco, LLC and CrossCountry Merger Corp. valued at $12.00 per share (effective 2026-05-07).

Action: amendment
Agreement: merger
Counterparty: CrossCountry Intermediate Holdco, LLC and CrossCountry Merger Corp.
Value: $12.00 per share
Effective: 2026-05-07

Exact text from the filing

On May 7, 2026, Two Harbors Investment Corp. (“Two Harbors”) entered into a Second Amendment to the Agreement and Plan of Merger (the “Second 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”), as amended by the First Amendment to the Agreement and Plan of Merger, dated April 28, 2026 (the “First Amendment”), by and among Two Harbors, CCM and Merger Sub (the Original CCM Merger Agreement, as amended by the First Amendment and the Second Amendment, the “Amended CCM Merger Agreement”).

View on SEC.gov

Browse all material agreements →

TWO HARBORS INVESTMENT CORP. filing history →

Source: SEC EDGAR

accession 0001104659-26-057533

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.