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Mergers & AcquisitionsMedium•14 May 2026•

1 min read

UWMC and Two Harbors Clash Over $12.50 Per Share Acquisition Bid

Key Facts

1UWMC issued a statement responding to Two Harbors' board refusal to engage with its May 11 acquisition proposal.

2The UWMC proposal offers to acquire Two Harbors for $12.50 per share in cash or 2.3328 shares of UWMC stock.

According to reports, UWMC issued a statement responding to the Two Harbors board's refusal to engage with an acquisition proposal submitted on May 11. The proposal offers to acquire Two Harbors for $12.50 per share in cash or 2.3328 shares of UWMC stock per share. This public response follows the target company's board deciding to align with CrossCountry Mortgage instead of entering negotiations with UWMC.

This dispute occurs amid mixed pressures in the REIT sector, where market data shows relative stability in housing prices, evidenced by the Halifax House Price Index recording -0.1% MoM in May 2026 per market data. Compared to industry peers, UWMC is attempting to consolidate its market share through this strategic acquisition, despite the Two Harbors board's reservations regarding the offer's alignment with shareholder interests.

Regarding stock performance, UWMC remains at its recent trading levels as investors monitor the fallout from the stalled negotiations as of the close on May 14, 2026. Looking ahead, traders are watching upcoming inflation data for its impact on the housing sector, noting that Michigan 1-year inflation expectations were recorded at 4.5% on May 8, 2026, which could influence mortgage costs and future M&A valuations.