UWMC · UWM Holdings Corporation

UWM Holdings Corporation (UWMC) announced a revised proposal to acquire Two Harbors Investment Corp (TWO) for $12.50 per share in cash or 2.3328 shares of UWMC stock, representing a $0.50 increase from its prior $12.00 cash offer. The proposal is structured to allow all TWO stockholders to elect cash without any cap or proration, or alternatively receive stock consideration. UWMC positions this as a clearly superior offer compared to the pending merger with CrossCountry Mortgage (CCM) at $12.00 per share in cash. UWMC also issued an open letter to TWO stockholders urging them to vote against the CCM merger at the special meeting on May 19, 2026, and to demand engagement with UWMC. The company emphasizes that its deal structure reduces management compensation and defers payouts, enabling higher value for stockholders. UWMC states it has an expeditious path to completion, expecting to close within approximately two months of signing, citing strong regulatory relationships and licensure in all 50 states. The filing includes forward-looking statements regarding the timing and benefits of the proposed transaction, subject to risks such as stockholder and regulatory approvals.