Real Estate & Home

CrossCountry raises bid for Two Harbors after rival offer from UWM

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CrossCountry Intermediate Holdco has raised its bid for Two Harbors Investment Corp to $11.30 per share, up from the original $10.80, following an unsolicited offer from UWM Holding Corp. This move ensures greater certainty of value for CrossCountry's acquisition through a fixed, all-cash consideration, which is crucial for financial stability and strategic integration in the competitive real estate investment trust market.

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