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Two Harbors Investment Shares Rise on Rival Acquisition Offer

Dow Jones03-20 01:08

By Elias Schisgall

Shares of Two Harbors Investment rose after the company received an unsolicited acquisition offer that it said could lead to a superior proposal compared with the company's current deal with UWM Holdings.

Shares were up 13% to $10.77 as of Thursday afternoon. The stock is down 22% over the past year.

The new bid proposes to buy the mortgage servicer for $10.70 a share in cash, and would also cover a $25.4 million termination fee for the UWM deal. Two Harbors didn't disclose the bidder.

A committee of the Two Harbors board found that the bid could reasonably be expected to lead to a superior proposal, as defined in its merger agreement with UWMC, the company said Thursday. It said it would engage with the new bidder to see if a superior proposal is possible.

Two Harbors signed a deal in December to sell itself to UWM, the parent company of mortgage lender United Wholesale Mortgage, in an all-stock deal worth $1.3 billion.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

March 19, 2026 13:08 ET (17:08 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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