Two Harbors raises merger consideration to $12.00/share, up 6.2% from prior agreement

Filed May 8, 2026 · Period ending May 7, 2026 · ~1 min read

Key Changes

• high

  Cash consideration increased to $12.00 per share from $11.30, representing a 21% premium to unaffected share price and significantly above competing UWM offer valued at $7.88/share as of May 7.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  CrossCountry secured $1.4 billion unsecured financing commitment, with $3.4 billion total financing package fully committed and no financing contingency.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Transaction cleared HSR review and obtained 35 of 53 required state mortgage licensing approvals, with closing expected Q3 2026 following May 19 shareholder vote.

  Exhibit 99.1 view on EDGAR →