Two Harbors Investment Shares Rise on Rival Acquisition Offer

Dow Jones
03/20
 

By Elias Schisgall

 

Shares of Two Harbors Investment rose after the company received an unsolicited acquisition offer that it said could lead to a superior proposal compared with the company's current deal with UWM Holdings.

Shares were up 13% to $10.77 as of Thursday afternoon. The stock is down 22% over the past year.

The new bid proposes to buy the mortgage servicer for $10.70 a share in cash, and would also cover a $25.4 million termination fee for the UWM deal. Two Harbors didn't disclose the bidder.

A committee of the Two Harbors board found that the bid could reasonably be expected to lead to a superior proposal, as defined in its merger agreement with UWMC, the company said Thursday. It said it would engage with the new bidder to see if a superior proposal is possible.

Two Harbors signed a deal in December to sell itself to UWM, the parent company of mortgage lender United Wholesale Mortgage, in an all-stock deal worth $1.3 billion.

 

Write to Elias Schisgall at elias.schisgall@wsj.com

 

(END) Dow Jones Newswires

March 19, 2026 13:08 ET (17:08 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10