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Two Harbors Clears Final Regulatory Step for CrossCountry Merger

Two Harbors Investment logoTwo Harbors Investment
Sig3.60Sen+1.60Env0.00Soc0.00Gov-1.40

Two Harbors received final regulatory approval for its merger with CCM after TWO shareholders approved the deal on July 2. If it closes, shareholders will receive $12 per share plus a prorated stub dividend slightly above 20 cents, paid from merger consideration. The transaction is expected to close Aug. 25, though UWM has sued for more than $500 million alleging improper facilitation of CCM’s bid.

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