UWMC boosts Two Harbors bid to $12.50/share cash; urges vote against CCM deal

UWM Holdings Corp

• New proposal: $12.50 cash per share (no cap) or 2.3328 UWMC shares per TWO share.
• Offer tops CCM's $12.00 cash; UWMC claims superior value for TWO stockholders.
• UWMC urges TWO stockholders to vote AGAINST CCM merger at May 19 special meeting.
• TWO Board allegedly refused engagement; UWMC cites $35M management payout issue in CCM deal.
• UWMC targets closing within ~2 months of signing, citing existing regulatory relationships.

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