Two Harbors says UWM failed to submit a revised bid during a special engagement period, while UWM accuses the board of imposing unreasonable restrictions and refusing to negotiate in good faith
New data shows sellers who miss the market on pricing are paying a growing penalty, while buyers gain leverage in many regions
Vote delayed until June 23 as KBW questions whether a largely cash-funded acquisition still makes sense for UWM
Mortgage lender reaffirms $12.50-per-share bid and says additional value could be unlocked through negotiations with Two Harbors
The mortgage industry’s deal fight that refuses to end keeps getting extended like a Netflix series as proxy pressure and competing bids push the saga deeper into June
UWM said shareholders are being denied the opportunity to consider what it calls a superior proposal for RoundPoint owner Two Harbors
Lender urges shareholders to reject CCM transaction, citing higher bid, proxy firm support, and governance concerns
Latest escalation in the Two Harbors bidding war comes after UWM claims shareholders would receive the same quarterly dividend under its competing proposal
CCM moves to counter UWM’s latest bid with additional cash value while emphasizing financing certainty
Board calls UWMC proposal “illusory, predatory, and unactionable,” escalating takeover fight days before May 19 vote