Dream Finders Homes announced on May 11 that it had submitted a bid to acquire Beazer Homes for $704 million in an all-cash transaction that would create the nation’s seventh-largest homebuilder.
Dream Finders Homes’ offer of $25.75 per share represents a cash premium of about 40 percent over Beazer’s closing share price of $18.35 on May 5, the Jacksonville, Florida-based homebuilder stated in a news release. Shares of Atlanta-based Beazer closed up by more than 34 percent on May 11, while Dream Finders Homes shares rose by 4.96 percent.
