NYSE:UWMCDiversified Financial
UWM Bid For Two Harbors Tests Growth Ambitions And Deal Risks
UWM Holdings (NYSE:UWMC) has submitted an unsolicited proposal to acquire Two Harbors Investment Corp.
The company is urging Two Harbors shareholders to reject a separate merger agreement with CrossCountry Mortgage.
UWM Holdings has publicly criticized the Two Harbors board for supporting the CrossCountry deal instead of engaging with its offer.
UWM Holdings operates in the U.S. mortgage market, where scale, access to capital, and distribution reach can be important for long term...