TWO Receives Final Regulatory Approval for CrossCountry Mortgage Merger

Business Wire··US·Read original
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Summary · why it matters

Two Harbors Investment Corp. has received the final regulatory approval needed to complete its merger with CrossCountry Mortgage, with the deal expected to close before market open on August 25, 2026. At closing, CrossCountry Merger Corp., a wholly owned subsidiary of CrossCountry Mortgage, will merge into Two Harbors, which will survive as a wholly owned subsidiary. Two Harbors stockholders will receive $12.00 per share in cash, plus a stub period dividend of $0.20326 per share for stockholders of record at the close of business on August 24, 2026. The stub dividend will be paid with the merger consideration and will not reduce the merger price.

Impact on assets 1

Financials▲
Two Harbors Investments Corp
TWO
▲ PositiveCapitalrelevance

Two Harbors receives final regulatory approval for merger with CrossCountry Mortgage, with stockholders receiving $12.00 per share cash plus stub dividend.

Off-coverage companies 1

CrossCountry Mortgage, LLCi
Private▲ PositiveCapitalrelevance

CrossCountry Mortgage's merger with Two Harbors receives final regulatory approval, enabling the deal to close.