Shares of Two Harbors Investment Corp. (NYSE: TWO) are down following the announcement of a definitive merger agreement with CrossCountry Mortgage. Per the deal, TWO shareholders will receive $10.80 per share in cash for the merger. Additionally, holders of TWO's preferred stock will see their shares redeemed at $25.00 per share, plus any accrued dividends. The merger is expected to be completed in the latter half of 2026, subject to customary closing conditions and shareholder approval. Following the transaction, TWO common stock will be delisted from the NYSE and will function as a wholly owned subsidiary of CrossCountry. The merger aims to establish a comprehensive mortgage entity by merging TWO's mortgage servicing rights portfolio with CrossCountry's retail origination platform. As of December 31, TWO had cash and cash equivalents totaling...