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CrossCountry raises bid for Two Harbors after rival offer from UWM
CrossCountry Intermediate HoldCo increased its all-cash offer for Two Harbors Investment Corp. to $11.30 per share, up from $10.80, after receiving an unsolicited competing proposal from UWM. Two Harbors’ board approved the amended deal, reaffirming its superiority due to the certainty of a fixed, all-cash consideration not subject to financing conditions. The transaction is expected to close in Q3 2026, pending shareholder and regulatory approvals, and will result in Two Harbors becoming a wholly owned subsidiary of CrossCountry and delisting from the NYSE.