UWM Holdings Proposes $12.50 Cash or 2.3328 Shares to Top CCM’s $12 Offer
UWMC•UWM Holdings has reiterated its superior all-cash offer of $12.50 per share or 2.3328 UWM shares for Two Harbors, topping CrossCountry Mortgage’s $12.00 per share proposal with a prorated stub dividend. The company urged Two Harbors stockholders to reject the CCM merger and engage in negotiations to maximize shareholder value.
1. Statement on Shareholder Meeting Adjournment
UWM Holdings criticized Two Harbors’ board for a second adjournment of the special stockholder meeting to vote on the CrossCountry merger, citing shareholder opposition and accusing the board of delaying tactics and neglecting fiduciary duties.
2. Superior Proposal Details
UWM highlighted its fully financed proposal of $12.50 per share in cash or 2.3328 shares of its stock as superior to CrossCountry’s $12.00 per share plus a prorated stub dividend, and invited Two Harbors to negotiate in good faith.
3. Call to Reject CCM Transaction
The company reaffirmed its recommendation that Two Harbors stockholders vote against the CrossCountry merger, the non-binding compensation advisory proposal and the adjournment proposal using UWM’s proxy card to pursue its higher-value alternative.
4. Implications for Shareholder Value
UWM asserted that engaging with its proposal is the only path to maximize stockholder value, warning that continued delays waste capital, undermine shareholder interests and urging the Two Harbors board to facilitate a conclusive agreement.




