Latest proposal increases cash consideration above CrossCountry’s pending $12 all-cash deal while preserving UWMC stock option ahead of May 19 shareholder vote
Revised all-cash proposal intensifies battle between CrossCountry Mortgage and UWM as Two Harbors board again backs CCM’s deal certainty over stock upside
Latest escalation in ongoing bid battle as lender touts $3.4B financing and “certain” all-cash path
Ongoing dispute intensifies as company pushes back on board’s CrossCountry stance
Board cites “certain value,” challenges stock structure, timeline, and execution risk in escalating MSR battle
Open letter escalates weeks-long deal battle, challenges board actions, and raises stakes for MSR-driven M&A
Revised all-cash offer tops prior $10.80 agreement, reinforces servicing strategy as UWM competition lingers
Complaint points to earlier higher bids and disclosure gaps in CrossCountry deal
CrossCountry, on behalf of Two Harbors, will pay UWM a $25.4 million termination fee
CrossCountry’s bid was deemed 'superior' before another bidder surfaced with a higher cash alternative