M&A
confidence high
sentiment positive
materiality 0.80
TWO receives superior proposal from CCM at $10.70/shr; also a $10.75/shr bid; UWMC match right active
TWO HARBORS INVESTMENT CORP.
- CCM offers $10.70/share cash plus payment of $25.4M termination fee to UWMC.
- Additional unsolicited cash offer of $10.75/share from a third party received.
- TWO's ad hoc committee determined CCM proposal is a 'Company Superior Proposal'.
- UWMC has match right until 11:59 am ET March 25; has proposed revised terms.
- Special meeting of stockholders postponed to April 7, 2026.