FORT LAUDERDALE, Fla. – Dec. 19, 2025 – Global law firm Greenberg Traurig, P.A. advised UWM Holdings Corporation (NYSE: UWMC), the publicly traded parent company of United Wholesale Mortgage (UWM), the leading mortgage lender in America, in its $1.3 billion definitive agreement to acquire Two Harbors Investment Corp. (NYSE: TWO).
The acquisition of the mortgage servicing rights-focused (MSR) real estate investment trust and one of the largest servicers of conventional mortgages in the United States is expected to create efficiencies and position the combined company for accelerated growth, the companies said in a press release. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals.
Under the terms of the transaction, TWO stockholders will receive a fixed exchange ratio of 2.3328 shares of UWMC Class A stock for each share of TWO common stock. This values TWO’s shares at $11.94 each, a 21% premium to its 30-day volume-weighted average level, based on UWMC’s closing price as of Dec. 16, according to the companies’ press release. The transaction will increase UWMC’s public float to approximately 513 million shares, or $2.6 billion, based on the price of its common stock on Dec. 16, a 93% increase from its current float.
The Greenberg Traurig Corporate team that advised UWMC was led by Fort Lauderdale Shareholder Kara L. MacCullough, New York Shareholder Doron Lipshitz, and Tampa Shareholder Dmitriy A. Tartakovskiy. The team also included New York Associate Patrick Seo, Fort Lauderdale Associate Jordan R. Robinson, and New York Law Clerks Jack Surminsky and Anayo Umeh.