Two Harbors Deems Proposal Superior to UWM Holdings'

Two Harbors has declared a proposal from CrossCountry valued at $10.70 per share as superior to an earlier offer from UWM Holdings. This assessment indicates a preference for the terms presented by CrossCountry, suggesting it offers better value or more favorable conditions for Two Harbors' shareholders. The decision could lead to a potential acquisition by CrossCountry, pending further negotiations and approvals. This development marks a significant turn in the potential M&A activity involving these companies.