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

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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…

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