Two Harbors Investment Corp. (TWO): $11.41
Market Cap: $1.19B
Deal Size: $10.69B
Wholesale lender UWM Holdings Corporation (UWMC) entered a merger agreement on December 17, 2025, to acquire mortgage REIT Two Harbors Investment Corp. in a deal valued at $10.69 billion.
Two Harbors stockholders will receive a fixed exchange ratio of 2.3328 shares of UWM Holdings Class A Common Stock for each share of Two Harbors common stock. This values the deal at $11.94 per share, representing a premium of 20.48% to the stock’s last close.