ISS recommends Two Harbors stockholders vote against CCM merger, backs UWMC $12.50 bid

UWM Holdings Corp

• ISS advises TWO stockholders to reject CCM merger at May 19 special meeting; backs UWMC's $12.50/share offer.
• ISS states TWO board 'has not capitalized on competing bids' and 'shareholders would be better off rejecting' the deal.
• ISS also recommends voting against golden parachute compensation proposal and adjournment proposal.
• UWMC reiterates that rejecting CCM merger preserves value and optionality for TWO stockholders.

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