M&A
confidence high
sentiment neutral
materiality 0.85
Two Harbors stockholders approve merger with CrossCountry Mortgage; $12.00 per share cash consideration
TWO HARBORS INVESTMENT CORP.
- Stockholders voted 54.3M for, 23.6M against to approve merger with CrossCountry Mortgage (CCM).
- Each common share to receive $12.00 cash plus pro-rated stub dividend at closing.
- Preferred shares (Series A, B, C) to be redeemed at $25.00 per share plus accumulated dividends.
- Expected closing in August 2026; 48 of 53 required state approvals received.
- HSR waiting period terminated early on May 21, 2026; remaining customary conditions pending.