UWM Holdings to Acquire Two Harbors in $1.3B All-Stock Merger to Create Mortgage Servicing Giant

UWM Holdings Corporation (NYSE:UWMC) is one of the cheap penny stocks to invest in. On December 17, UWM Holdings Corporation announced a definitive merger agreement to acquire Two Harbors Investment Corp. (NYSE:TWO). This all-stock transaction is valued at ~$1.3 billion in equity, based on a fixed exchange ratio of 2.3328x. The acquisition incorporates Two Harbors, which is a prominent mortgage servicing rights/MSR-focused real Estate Investment Trust and owner of RoundPoint Mortgage Servicing LLC, into UW ...