Two Harbors Shares Rally After Unsolicited $10.70 Per Share Cash Proposal
Two Harbors Investment Corp shares climbed 13% after the company revealed an unsolicited cash acquisition proposal valuing the stock at $10.70 per share and offering to cover the $25.4 million termination fee tied to its existing merger agreement with UWM Holdings Corporation. An ad hoc board committee said the proposal could reasonably be expected…