Two Harbors Investment Corp. (NYSE: TWO), a mortgage servicing rights-focused real estate investment trust, announced that its common stockholders voted to approve the previously announced merger with CrossCountry Mortgage LLC (CCM) during a reconvened Special Meeting of Stockholders held on Wednesday.
In a statement, the company said the voting results were “preliminary and remain subject to final certification by the independent inspector of elections. TWO intends to report the final, certified voting results in a Current Report on Form 8-K to be filed with the US Securities and Exchange Commission.”
The Two Harbors stockholders rejected efforts by UWM Holdings (NYSE: UWMC) to reanimate a merger deal that announced last December but was later jettisoned when Two Harbors embraced an offer from CCM. UWM Holdings did not immediately comment on the stockholders’ vote.
Two Harbors expects the deal to close in August, subject to the receipt of five remaining state regulatory approvals. Under the terms of the deal, Two Harbors will become a wholly owned subsidiary of CCM while its stockholders will receive $12.00 per share in cash from the transaction.
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