Real Estate & Home

UWM escalates bidding war for TWO with $12 offer, open letter to shareholders

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UWM Holdings Corp. has escalated its bid to acquire Two Harbors Investment Corp., offering $12 per share in cash or stock, aiming to outbid CrossCountry Intermediate Holdco's pending deal. This move is crucial as it pressures Two Harbors' board to reconsider the competing offer, potentially leading to further bidding wars and refinements in merger strategies within the real estate sector.

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