Business

TWO and CrossCountry Mortgage, LLC Announce Amended Merger Agreement

NEW YORK, April 28, 2026--TWO and CrossCountry Mortgage, LLC Announce Amended Merger Agreement

articleTwo Harbors Investment CorpApril 28, 202611/company/two-harbors-investments-corp/news/two-and-crosscountry-mortgage-llc-announce-amended-merger-agreement-1
TWO and CrossCountry Mortgage, LLC Announce Amended Merger Agreement

About this update from Two Harbors Investment Corp

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1546,"height":524,"url":"https://media.zenfs.com/en/business-wire.com/6ded1aee7360656e15814055b3a4f636"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Tj_nAnWZDErzqS6e8qeCtA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMyNQ--/https://media.zenfs.com/en/business-wire.com/6ded1aee7360656e15814055b3a4f636","width":960,"height":325},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/H.8I_Y219bLYVowYlFO_vQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD04MTQ-/https://media.zenfs.com/en/business-wire.com/6ded1aee7360656e15814055b3a4f636","width":1200,"height":407}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Amended Agreement Follows Thorough Review of Unsolicited Competing Proposal","length":75,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"New Terms Include an Increase in the Per-Share Cash Consideration to $11.30","length":75,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Special Meeting of TWO Stockholders Scheduled for May 19, 2026","length":62,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"TWO’s Board of Directors Recommends Stockholders Vote FOR of the Transaction with CrossCountry","length":94,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":306,"olType":false},{"type":"text","content":"NEW YORK, April 28, 2026--(BUSINESS WIRE)--TWO (Two Harbors Investment Corp, NYSE: TWO), an MSR-focused REIT, and CrossCountry Intermediate Holdco, LLC, an affiliate of CrossCountry Mortgage, LLC ("CrossCountry" or "CCM"), today announced the signing of an amendment to the previously announced merger agreement, dated March 27, 2026, under which CCM will acquire all outstanding shares of TWO common stock in an all-cash transaction.","length":454,"tagName":"p"},{"type":"text","content":"Under the terms of the amended agreement, CCM will increase the per-share cash consideration payable to TWO stockholders to $11.30 per share, an increase from $10.80 per share under the original merger agreement. TWO’s Series A, Series B and Series C Preferred Stock will still be redeemed following the closing of the transaction at $25.00 per share, plus any accumulated and unpaid dividends, in accordance with the terms of th...

More updates from Two Harbors Investment Corp

CrossCountryCCMTwo Harbors Investment CorpStockholders