In addition to the proposal from CCM, the Company has received another unsolicited proposal from a third party, which includes a cash offer of $10.75 per share. This proposal has also been deemed by the committee as potentially leading to a "Company Superior Proposal" under the terms of the UWMC merger agreement. The Board is currently evaluating these proposals and their implications for the Company and its shareholders.
As a result of these developments, Two Harbors has postponed its Special Meeting of Stockholders, originally scheduled for March 30, 2026, to April 7, 2026. The Company is committed to ensuring that its shareholders receive the best possible value and will continue to assess the proposals in light of its strategic objectives and the interests of its stakeholders.
The Company, which focuses on investing in mortgage servicing rights and residential mortgage-backed securities, is headquartered in St. Louis Park, Minnesota. The ongoing discussions and evaluations by the Board reflect the dynamic nature of the current market and the competitive landscape in which the Company operates. Stakeholders are encouraged to stay informed as the situation develops and further announcements are made regarding the proposals and the upcoming shareholder meeting.
