Two Harbors Investment raises all-cash merger offer
Updated
Updated · MarketWatch · May 8
Two Harbors Investment raises all-cash merger offer
8 articles · Updated · MarketWatch · May 8
The amended deal with CrossCountry Intermediate Holdco, an affiliate of CrossCountry Mortgage, increases consideration to $12 a share from $11.30.
The companies said the merger between the real estate investment trust and the retail mortgage lender is expected to close in the third quarter of 2026.
After completion, Two Harbors will be delisted from the New York Stock Exchange and become a wholly owned subsidiary of CrossCountry.
Why is CrossCountry paying a premium for a struggling mortgage REIT in a tough housing market?
Could a rival bid emerge to challenge CrossCountry's offer before the May 19th shareholder vote?
As mortgage giants consolidate, will this trend ultimately help or hurt American homebuyers?