Uwm holdings corporation announces intent to accelerate buyback in public market in lieu of previously announced secondary offering and concurrent stock repurchase

Pontiac, mich.--(business wire)---- $uwmc--uwm holdings corporation (nyse:uwmc) (the “company”) announced today that sfs holding corp, (“sfs”), its principal shareholder, has terminated the previously announced secondary offering of class a common stock and concurrent stock repurchase effective immediately (the “offering”). the offering was intended to increase uwmc's public float by approximately 50%, thereby making it a more liquid, tradable stock for larger indexes and institutional investors, while a
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