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Competing offers for Two Harbors Investment Corp. were evaluated by the board, involving United Wholesale Mortgage and CrossCountry Mortgage.

6 reports, 3 independent Updated May 28
Gone quiet Reached 3 outlets in its first 24 hours
Reports
6
Developments
11
Repetition
17%

New informationRepeats or wire copies

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What happened

Well supportedReported by 3 independent outlets

Competing offers for Two Harbors Investment Corp. were evaluated by the board, involving United Wholesale Mortgage and CrossCountry Mortgage.

Who's involved

What this event is mainly about
United Wholesale MortgageCrossCountry Mortgage

How it developed

Newest first. Tap a step to see who reported it.
  1. UWM, Oaktree, Two Harbors, and CCM engaged in a bidding war for Two Harbors that resulted in a deal failure and dispute.Sub-event
  2. UWM Holdings and United Wholesale Mortgage provide updates regarding Two Harbors Investment Corp. ahead of a stockholder meeting.Sub-event
  3. UWM Holdings, Two Harbors Investment Corp., and Houlihan Lokey are negotiating merger agreements and offers.Sub-event
  4. UWMC offered a superior acquisition proposal to Two Harbors, backed by a committed bridge facility from Mizuho.Sub-event
  5. UWM Holdings offered cash or stock to Two Harbors stockholders, a proposal considered against a CrossCountry agreement.Sub-event
  6. CrossCountry Mortgage's acquisition of Two Harbors Investment Corp. is closing.Sub-event
  7. UWM and CrossCountry Mortgage are involved in competing offers for Two Harbors Investment Corp.1 source
  8. UWM Holdings is pursuing the acquisition of Two Harbors Investment Corp.1 source
Show 3 earlier steps
  1. UWMC proposed to acquire Two Harbors and criticized the board's governance, while TWO proposed a merger with CCM.1 source
  2. UWMC proposed acquisition of Two Harbors Investment Corp.1 source
  3. UWMC's offer was superior to Two Harbors' transaction with CrossCountry.1 source

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Coverage

Newest first; wire copies grouped