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Two Harbors Adjourns Vote on CrossCountry Acquisition

Story Highlights
  • Two Harbors delayed its special meeting to May 28, 2026 to secure more shareholder support for its cash sale to CrossCountry.
  • A federal court rejected an investor challenge to the merger disclosures, paving the way procedurally for the proposed acquisition and related payouts.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Two Harbors Adjourns Vote on CrossCountry Acquisition

Meet Samuel – Your Personal Investing Prophet

Two Harbors ( (TWO) ) has shared an announcement.

On May 19, 2026, Two Harbors adjourned its virtual special meeting of stockholders to May 28, 2026, to allow more time to solicit proxies in favor of its all-cash acquisition by CrossCountry Intermediate Holdco, an affiliate of CrossCountry Mortgage. The board reaffirmed its unanimous recommendation that shareholders support the merger, under which common shareholders would receive $12 per share plus specified dividend value, and preferred shareholders would be redeemed at $25 per share plus unpaid dividends, pending shareholder approval and customary regulatory clearances.

The company also reported that, following a May 15, 2026 hearing in federal court in Maryland, a judge denied a bid to delay the shareholder vote and dismissed a related injunction request, finding the proxy disclosures on the transaction sufficient. The adjournment and favorable litigation ruling together clear key procedural hurdles for the proposed sale, while underscoring the importance of shareholder participation in determining the outcome and the ultimate payout to holders of both common and preferred securities.

The most recent analyst rating on (TWO) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Two Harbors stock, see the TWO Stock Forecast page.

Spark’s Take on TWO Stock

According to Spark, TipRanks’ AI Analyst, TWO is a Neutral.

The score is held back primarily by weak and volatile financial performance (large losses, high leverage, and negative free cash flow). Offsetting factors include supportive valuation (low P/E and high yield), constructive—but stretched—technical momentum, and merger-related strategic upside tempered by legal/process risk.

To see Spark’s full report on TWO stock, click here.

More about Two Harbors

Two Harbors Investment Corp. is a Maryland-based real estate investment trust focused on mortgage servicing rights, residential mortgage-backed securities and related financial assets, and is listed on the New York Stock Exchange under the ticker TWO. The company is headquartered in St. Louis Park, Minnesota and operates within the broader U.S. mortgage and housing finance market, providing investors exposure to mortgage-related investments.

As an MSR-focused REIT, Two Harbors’ performance is closely tied to interest rate dynamics, prepayment behavior and conditions in the mortgage-backed securities market. Its capital structure includes common stock as well as multiple series of preferred stock, reflecting a diversified investor base and layered claims on its cash flows.

Average Trading Volume: 3,577,758

Technical Sentiment Signal: Buy

Current Market Cap: $1.32B

For a thorough assessment of TWO stock, go to TipRanks’ Stock Analysis page.

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