TWO board rejects UWM Holdings' revised takeover bid

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Go back to TWO board rejects UWM Holdings' revised takeover bid

TWO Reaffirms Unanimous Recommendation for All-Cash CrossCountry Transaction and Responds to UWM Holdings

May 4, 2026 8:00 AM EDT

Pending CrossCountry Transaction Provides Compelling and Certain Cash Value to All TWO Stockholders

TWO Board Unanimously Rejects UWMCs Revised Unsolicited Proposal and Finds It Is Not in the Best Interests of All TWO Stockholders Due to Significant Closing and Business Risks, Including:

UWMC has not provided committed financing, which is a necessary condition to completing a transaction UWMCs contradictory public statements undermine its credibility and call into question its intent and rationale for entering a transaction in which it expects no synergies and... More