UWM Walked Away From the Two Harbors Bidding War. That Might Be the Best News for Shareholders.
Even a good company can be a bad investment if you pay too much for the stock. The same sentiment is true for companies when they make acquisitions.
Even a good company can be a bad investment if you pay too much for the stock. The same sentiment is true for companies when they make acquisitions.
UWM Holdings has seen its shares fall to lifetime lows amid macro-driven and M&A headwinds. Q1 earnings results showed strong recovery as revenues soared and EPS beat expectations. UWM Holdings trades at just 5.4x forward earnings and offers a huge dividend that should be sustainable based on current EPS estimates.
UWM Holdings Corporation (âUWMCâ or the âCompanyâ) (NYSE: UWMC), today reaffirmed its commitment to acquire Two Harbors Investment Corp. (âTwo Harbor
PONTIAC, Mich. & NEW YORK--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (“UWMC” or the “Company”) (NYSE: UWMC), today reaffirmed its commitment to acquire Two Harbors Investment Corp. (“Two Harbors” or “TWO”) (NYSE: TWO) and issued a statement regarding the upcoming special meeting on June 23 to vote on TWO's proposed merger with CrossCountry Mortgage, LLC ("CrossCountry" or "CCM"), following the third adjournment. UWMC issued the following statement: “TWO stockholders have sent a clear message ov.
UWM Holdings Corporation (âUWMCâ or the âCompanyâ) (NYSE: UWMC), today responded to the letter from Two Harbors Investment Corp. (âTwo Harborsâ or
PONTIAC, Mich. & NEW YORK--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (“UWMC” or the “Company”) (NYSE: UWMC), today responded to the letter from Two Harbors Investment Corp. (“Two Harbors” or “TWO”) (NYSE: TWO) to its stockholders mischaracterizing discussions between UWMC and TWO that have taken place over the last week, following TWO's decision to adjourn the special meeting to vote on TWO's proposed merger with CrossCountry Mortgage, LLC ("CrossCountry" or "CCM") for a third time. The TWO Boa.
NEW YORK--(BUSINESS WIRE)--TWO Provides Update on UWMC Engagement Following Expiration of Waiver Period.
UWM keeps gaining share despite elevated mortgage rates. Its broker-focused model creates a meaningful competitive advantage.
Two Harbors Investment Corp. (NYSE: TWO) today announced that its Board of Directors has postponed the Special Meeting to June 23, 2026 to allow for further so
NEW YORK--(BUSINESS WIRE)--TWO Challenges UWMC to Submit All-Cash Offer With No Stock Component.
PONTIAC, Mich. & NEW YORK--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (“UWMC” or the “Company”) (NYSE: UWMC), today issued an open letter to the stockholders of Two Harbors Investment Corp. (“Two Harbors” or “TWO”) (NYSE: TWO) regarding the TWO Board's continued efforts to salvage TWO's inferior proposed merger with CrossCountry Mortgage, LLC ("CrossCountry" or "CCM"), despite having twice held meetings that failed to secure stockholder approval for the proposed CCM transaction. Full text of the.
PONTIAC, Mich. & NEW YORK--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (“UWMC” or the “Company”) (NYSE: UWMC), today issued a statement regarding the second adjournment of the special meeting of the stockholders of Two Harbors Investment Corp. (“Two Harbors” or “TWO”) (NYSE: TWO) to vote on TWO's proposed merger with CrossCountry Mortgage, LLC ("CrossCountry" or "CCM"). The statement reads as follows: “Today's second adjournment demonstrates unequivocally that TWO stockholders understand what the.
[url="]TWO[/url] (Two Harbors Investment Corp., NYSE: TWO), an MSR-focused REIT, today announced an adjournment of its Special Meeting of Stockholders to provi
UWM Holdings Corporation (âUWMCâ or the âCompanyâ) (NYSE: UWMC), today issued a statement regarding the special meeting of the stockholders of Two Harb
PONTIAC, Mich. & NEW YORK--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (“UWMC” or the “Company”) (NYSE: UWMC), today issued a statement regarding the special meeting of the stockholders of Two Harbors Investment Corp. (“Two Harbors” or “TWO”) (NYSE: TWO) to vote on TWO's proposed merger with CrossCountry Mortgage, LLC ("CrossCountry" or "CCM") following its adjournment to May 28, 2026. UWMC still has received no engagement from the TWO Board regarding UWMC's proposal to acquire Two Harbors for th.
UWM Holdings Corporation (âUWMCâ) (NYSE: UWMC), today urged all stockholders of Two Harbors Investment Corp. (âTwo Harborsâ or âTWOâ) (NYSE: TWO) t
PONTIAC, Mich. & NEW YORK--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (“UWMC”) (NYSE: UWMC), today urged all stockholders of Two Harbors Investment Corp. (“Two Harbors” or “TWO”) (NYSE: TWO) to VOTE AGAINST the CrossCountry Mortgage (“CCM”) merger proposal on UWMC's BLUE proxy card in connection with the special meeting to be held at 10:00 a.m. ET on May 19, 2026. As the deadline to vote rapidly approaches, UWMC reminds TWO stockholders that: UWMC's proposal offers stockholders $12.50 per share,.
PONTIAC, Mich. & NEW YORK--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (“UWMC” or the “Company”) (NYSE: UWMC), today issued a statement in response to this morning's announcement by Two Harbors Investment Corp. (“Two Harbors” or “TWO”) (NYSE: TWO) and CrossCountry Mortgage, LLC ("CrossCountry" or "CCM"). The TWO Board has refused to engage with UWMC on its May 11 proposal to acquire Two Harbors for $12.50 per share in cash or 2.3328 shares of UWMC stock, and continues to affirm its support for ge.
PONTIAC, Mich. & NEW YORK--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (“UWMC” or the “Company”) (NYSE: UWMC), today issued a statement calling out the egregious corporate governance of the Board of Directors of Two Harbors Investment Corp. (“Two Harbors” or “TWO”) (NYSE: TWO), which today announced it has rejected UWMC's May 11 proposal to acquire Two Harbors for $12.50 per share in cash or 2.3328 shares of UWMC stock, and reaffirmed support for getting its stockholders 50 cents less per share u.
NEW YORK--(BUSINESS WIRE)--TWO Board Unanimously Rejects UWMC's Latest Illusory, and Unactionable Proposal.