InsideArbitrage Event Driven Monitor – March 30, 2026

Note: You can click on any section title to jump straight to the related tool or page.

Merger Arbitrage

1. TWO: The acquisition of Two Harbors Investment Corp. (TWO) by CrossCountry Mortgage, LLC for a closing value of $8.45 billion. Two Harbors stockholders will receive $10.8 in cash for each share of Two Harbors common stock, representing a discount of 5.26% from the stock’s last close. Holders of Two’s Series A, Series B, and Series C Preferred Stock will have their shares redeemed following the closing of the transaction at $25 per share, plus any accumulated and unpaid dividends, in accordance with the terms of the preferred stock. (Press Release)
2. TWO: Two Harbors (TWO) announced it has terminated its merger agreement with UWM Holdings (UWMC). CrossCountry, on behalf of Two, agreed to pay the termination fee of $25.4 million to UWM.
3. CCO: Clear Channel (CCO) announced that on March 26, 2026, the 45-day “go-shop” period expired. The financial advisors, Morgan Stanley and Moelis, solicited potential alternative acquisition proposals from third parties, making outreach to 46 parties, 7 of which executed non-disclosure agreements (NDA) with the company, none of which contained a standstill.

Only plus or premium subscribers can access this post. Subscribe today.