TWO HARBORS INVESTMENT CORP
Two Harbors Investment Corp has entered into a definitive merger agreement with CrossCountry Intermediate Holdco, LLC, where CrossCountry will acquire all outstanding shares of TWO common stock for $10.80 per share in cash. The transaction is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.
Two Harbors Investment Corp has agreed to be acquired by CrossCountry Intermediate Holdco, LLC for $10.80 per share in cash. The deal terminates a prior agreement with UWM Holdings Corporation, with a termination fee of $25.4 million paid to UWMC. The merger combines CrossCountry's mortgage lending platform with Two Harbors' mortgage servicing rights portfolio. Two Harbors' stockholders will receive $10.80 per share, and holders of preferred stock will have their shares redeemed at $25.00 per share. The transaction is expected to close in the second half of 2026. Upon completion, Two Harbors will cease to be a publicly traded company and become a subsidiary of CrossCountry.
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