Two Harbors’ Board of Directors formed a committee of independent directors to review, negotiate and approve the transaction and consider and review potential alternative transactions or alternative structures for the proposed transaction. The committee has been advised by Gleacher & Company Securities, Inc. as its financial advisor and Goodwin Procter LLP as its legal counsel with respect to the transaction and to represent the interests of Two Harbors and its shareholders. The contribution remains subject to final approval of the terms of the offering by the committee and Two Harbors’ Board of Directors, satisfaction of all conditions to the closing of the transaction, Securities and Exchange Commission clearance and market conditions.A registration statement relating to Silver Bay’s initial public offering has been filed with the Securities and Exchange Commission but has not yet become effective. This press release does not constitute an offer of any securities for sale.
Two Harbors Investment Corp. Announces Agreement To Contribute Its Single-Family Rental Properties To Silver Bay Realty Trust Corp. In Connection With Silver Bay IPO
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