UWM Sues Two Harbors for $500M+ After Failed $1.3B Merger Deal
UWM and Two Harbors ended a December merger after the vote failed, leading Two Harbors to terminate the deal and accept CrossCountry’s $10.80-per-share offer. UWM then sued in federal court for more than $500 million, alleging Two Harbors breached the merger agreement and interfered with shareholder approval while pursuing the alternative buyer.