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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