Two Harbors falls 5% after all-cash deal with CrossCountry

Two Harbors (TWO) stock fell 5% pre-market after agreeing to an all-cash acquisition by CrossCountry Intermediate Holdco for $10.80 per share. This deal replaces a prior merger with UWM Holdings. The offer represents a slight discount to the previous close, with common shareholders receiving cash and preferred holders getting $25 per share.