Stock Track | UWM Holdings Plummets 5.03% in Early Trading After Increasing Two Harbors Acquisition Bid

Stock Track

05/11

UWM Holdings Corporation's stock price plummeted 5.03% during early trading on Monday, following news of the company's increased acquisition proposal for Two Harbors.

The mortgage lender raised its bid to acquire Two Harbors to $12.50 per share for stockholders that elect to receive cash, up from a previous $12 per share offer. UWM Holdings is offering $12.50 in cash or 2.3328 shares of UWMC stock per Two Harbors share and has filed a preliminary proxy to solicit votes from Two Harbors stockholders against a proposed merger with CrossCountry Mortgage.

Two Harbors has previously rebuffed UWM's competing interest, citing financing, closing, operational and credibility risks with UWM's bids. In comparison with CrossCountry's $12 per share deal, UWM claims its bid reduces compensation to Two Harbors management and instead pays higher value to stockholders.

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In comparison with CrossCountry's $12 per share deal, UWM claims its bid reduces compensation to Two Harbors management and instead pays higher value to stockholders.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UWMC","symbol_name":"UWM Holdings Corporation","start_time":0,"source_url":"","article_id":"1163878157","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163878157","pubTimestamp":1778507410,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"UWM Holdings Corporation's stock price plummeted 5.03% during early trading on Monday, following news of the company's increased acquisition proposal for Two Harbors.The mortgage lender raised its...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UWMC":"UWM Holdings Corporation"},"translate_title":"个股追踪|UWM Holdings提高两港收购出价后早盘暴跌5.03%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UWMC":1},"content_text":"UWM Holdings Corporation's stock price plummeted 5.03% during early trading on Monday, following news of the company's increased acquisition proposal for Two Harbors.The mortgage lender raised its bid to acquire Two Harbors to $12.50 per share for stockholders that elect to receive cash, up from a previous $12 per share offer. 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