Two Harbors Investment Corp. has finalized a merger agreement with CrossCountry Mortgage, terminating its previous deal with UWM Holdings. Under the terms, Two Harbors shareholders will receive $10.80 per share in cash, and preferred stockholders will be redeemed at $25 plus dividends. The merger aims to create a fully integrated mortgage company combining Two Harbors' servicing rights with CrossCountry's retail platform. The transaction is expected to close in the second half of 2026, after which Two Harbors will be delisted from the NYSE and operate as a subsidiary of CrossCountry. Shares of Two Harbors fell 2.15% following the announcement.
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Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
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Kenmare Resources reported weaker-than-expected production in the first half of 2026 due to commissioning delays at its Wet Concentrator Plant A, with ilmenite output down 40% year on year in Q2. Despite this, shipments increased by 53% as the compan...
Ramsdens Holdings PLC shares rose 13.6% to 670p following an improved takeover offer from US pawnbroking group FirstCash. FirstCash increased its cash bid to 675p per share from 600p, raising the total offer value to up to £232 million, including div...
