Real Estate & Home

CCM raises Two Harbors offer to $12 to fend off UWM

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CrossCountry Mortgage (CCM) raised its bid for Two Harbors Investment Corp to $12 per share, matching UWM Holdings' offer and securing a higher all-cash consideration. This move is significant as it provides greater certainty to shareholders with committed financing and a clear path to closing the deal in the shortest timeframe. Developers and tech professionals should watch how regulatory approvals progress for both offers.

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