Compass Point analyst Merrill Ross downgraded Two Harbors (TWO) to Neutral from Buy after CrossCountry Mortgage announced a deal to acquire all of the outstanding shares of Two Harbors common stock for $10.80 per share in cash.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TWO:
- CrossCountry Mortgage to acquire Two Harbors for $10.80 per share in cash
- Unusually active option classes on open March 24th
- Two Harbors Faces Competing Takeover Bids, Meeting Delayed
- TWO determines CrossCountry Mortgage proposal is ‘company superior proposal’
- Two Harbors: Balanced Risk-Reward Keeps Rating at Hold as Fundamentals Appear Fairly Priced
