Adjournment signals management may lack sufficient yes votes yet, but the TRO defeat removes a near-term legal overhang. The stock trades near the $12.00 cash consideration; the risk is deal failure if the vote fails on May 28. Monitor additional proxy solicitation updates and any last-minute institutional opposition.
Price Chart
Executive Summary
Two Harbors Investment Corp. (TWO) adjourned its special meeting of stockholders from May 19 to May 28, 2026 to solicit additional votes for the pending all-cash acquisition by CrossCountry Mortgage (CCM) at $12.00 per share. The board unanimously recommends approval, and the company defeated a TRO motion that sought to delay the vote on disclosure adequacy grounds.
Key Facts
- Special meeting adjourned from May 19 to May 28, 2026 at 10:00 AM ET
- Stockholders to vote on all-cash acquisition by CrossCountry Mortgage affiliate at $12.00/share plus dividends
- Preferred stock Series A, B, C to be redeemed at $25.00/share plus accrued dividends post-closing
- Court denied TRO and dismissed preliminary injunction motion; found proxy disclosures sufficient
- Board continues unanimously to recommend FOR vote
- Record date remains April 15, 2026
Financial Impact
All-cash consideration of $12.00/share for common stock plus Q2 and prorated Q3 dividends; preferred shares redeemed at $25.00/share plus accrued dividends
Risk Factors
- Stockholder vote not yet secured; additional adjournment or deal failure possible
- Litigation appeal or new claims could still delay closing
- Regulatory approvals required before closing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (Primary) | 0001104659-26-063833 |
| Document: 0001104659-26-063833-index-headers.html | 0001104659-26-063833 |
| Document: 0001104659-26-063833-index.html | 0001104659-26-063833 |
| Document: 0001104659-26-063833.txt | 0001104659-26-063833 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 8, 2026 16w ago | DEFA14A | $25.34 $26.09 | ▲ +2.96% | ▼ −0.09% | $26.33 (+3.91%) |
Jun 8, 2026 16w ago | DEFA14A | $25.34 $26.09 | ▲ +2.96% | ▼ −0.09% | $26.33 (+3.91%) |
Jun 8, 2026 16w ago | 8-K | $25.34 $26.09 | ▲ +2.96% | ▼ −0.09% | $26.33 (+3.91%) |
Jun 3, 2026 17w ago | DEFA14A | $25.39 $26.06 | ▲ +2.64% | ▲ +0.14% | $26.33 (+3.70%) |
May 19, 2026 19w ago | DEFA14A | $25.24 $25.38 | ▲ +0.55% | ▼ −4.45% | $26.33 (+4.32%) |
May 19, 2026 19w ago | 8-K | $25.24 $25.38 | ▲ +0.55% | ▼ −4.45% | $26.33 (+4.32%) |
May 15, 2026 20w ago | DEFA14A | $25.30 $25.28 | ▲ +0.08% | ▲ +4.59% | $26.33 (−4.07%) |
May 15, 2026 20w ago | 8-K | $25.30 $25.28 | ▲ +0.08% | ▲ +4.59% | $26.33 (−4.07%) |
May 14, 2026 20w ago | 144 | $25.30 $25.28 | ▼ −0.08% | ▼ −4.59% | $26.33 (+4.07%) |
May 14, 2026 20w ago | DEFA14A | $25.26 $25.35 | ▲ +0.36% | ▼ −3.23% | $26.33 (+4.24%) |
US Market Status
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