UWMC slams TWO board for rejecting $12/share bid; reaffirms superior proposal vs $11.30 CrossCountry deal

UWM Holdings Corp

UWMC's $12.00 per share all-cash offer (plus stock option) is 6.2% above TWO's recommended $11.30 CrossCountry deal.
Financing backed by a committed $1.3B unsecured bridge facility from Mizuho Bank with no ratings trigger or market contingency.
Mizuho removed customary due diligence condition to address TWO board concerns about closing risk.
UWMC urges TWO stockholders to demand board engagement and consider vote against the CrossCountry transaction.
UWMC is assessing its options to ensure TWO stockholders receive 'superior value' of $12/share.

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