08:52 AM EDT, 03/19/2026 (MT Newswires) -- Two Harbors Investment ( TWO/PA ) said Thursday that it received an unsolicited offer to acquire all shares for $10.70 each in cash.

The proposal includes a provision for the $25.4 million termination fee tied to its merger with UWM Holdings Corporation ( UWMC ), the company said.

A board committee said the offer could lead to a "Company Superior Proposal." It has not made a final decision, it added.

The company said it will engage further with the bidder. If the offer is deemed superior, UWMC will have three business days to respond, according to Two Harbors.

The company added that the UWMC deal remains in place and a shareholder vote is set for March 24.