UWM, Oaktree, Two Harbors, and CCM engaged in a bidding war for Two Harbors that resulted in a deal failure and dispute.
1 report, 1 independent
Updated Aug 6
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What happened
UWM, Oaktree, Two Harbors, and CCM engaged in a bidding war for Two Harbors that resulted in a deal failure and dispute.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Competing offers for Two Harbors Investment Corp. were evaluated by the board, involving United Wholesale Mortgage and CrossCountry Mortgage.Also in this story
- UWM Holdings, Two Harbors Investment Corp., and Houlihan Lokey are negotiating merger agreements and offers.
- UWMC offered a superior acquisition proposal to Two Harbors, backed by a committed bridge facility from Mizuho.
- UWM Holdings offered cash or stock to Two Harbors stockholders, a proposal considered against a CrossCountry agreement.
- CrossCountry Mortgage's acquisition of Two Harbors Investment Corp. is closing.
The entities involved
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United Wholesale Mortgage
mortgage lender
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Two Harbors
county seat of Lake County, Minnesota, United States
Nothing else this week.
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CrossCountry Mortgage
Mortgage lending institution
Nothing else this week.