Two Harbors Investment Acquired by UWM Holdings | Financial Services M&A Deal

UWM Holdings has agreed to acquire Two Harbors Investment, a mortgage business in Michigan, for about $1.2 billion to $1.3 billion. Two Harbors Investment provides mortgage-related financial services, giving UWM Holdings a larger footprint in MI acquisitions and mortgage acquisition activity. UWM Holdings acquisitions in financial services M&A aim to expand scale in merger acquisition of mortgage assets and support public company acquisition strategy. The merger acquisition is an announced financial services deals MI transaction, structured as a public company acquisition with a $12.00 per share cash election and a stock alternative, supported by a committed bridge facility.