CrossCountry Mortgage agrees to acquire Two Harbors Investment with increased $11.30 per share offer
Updated
Updated · MarketWatch · Apr 28
CrossCountry Mortgage agrees to acquire Two Harbors Investment with increased $11.30 per share offer
10 articles · Updated · MarketWatch · Apr 28
The amended merger agreement follows a competing bid from UWM Holdings and raises the offer from $10.80 to $11.30 per share in cash.
Two Harbors' board determined the CrossCountry deal offers superior value and certainty for shareholders, with the transaction expected to close in the third quarter of 2026.
Shares of Two Harbors rose 3.5% in post-market trading after the announcement, and the board emphasized the deal’s fixed, all-cash consideration and lack of financing conditions.
Can CrossCountry absorb Two Harbors despite its recent $508 million net loss?
Could a lawsuit over misleading rates jeopardize CrossCountry's massive acquisition of Two Harbors?
How will Trump's executive order on mortgage rules affect the profitability of this merged company?
Was rejecting UWM's stock offer for a cash bid in the best long-term interest of shareholders?
After losing this heated bidding war, what is rival UWM's next strategic move?
What makes mortgage servicing rights so valuable they sparked a multi-million dollar bidding war?