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UWM Sues Two Harbors for $500M+ After Failed $1.3B Merger Deal

UWM Holdings logoUWM Holdings
Sig3.67Sen-2.15Env0.00Soc0.00Gov0.00
Two Harbors Investment logoTwo Harbors Investment
Sig3.80Sen-3.20Env0.00Soc0.00Gov-3.70

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.

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