Two Harbors Investment Corp. postponed a special shareholder meeting to vote on its existing agreement to be acquired by CrossCountry Mortgage LLC. The delay will allow Two Harbors to solicit more votes while engaging directly with UWM Holdings Corp. (UWMC) on a potential all-cash acquisition proposal.

The upcoming shareholder vote, originally scheduled for June 11, will now take place on June 23. The subsidiary of CrossCountry Mortgage (CCM) waived its non-solicitation provision through June 12 to enable direct engagement with UWM.

However, the New York-based company continues to recommend that shareholders vote in favor of its existing agreement with CCM for $12 per share details ⇒

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