The revised proposal is nearly 24% above Dream Finders’ prior public offer and implies about a 70% premium to Beazer’s undisturbed share price on May 8, 2026.
Dream Finders Homes said it submitted a revised proposal to acquire all outstanding shares of Beazer Homes USA in an all-cash deal valued at $32.00 per share, increasing its prior public proposal of $25.75 a share and its June 22 offer of $29.25 a share. The company said the new offer represents an immediate cash premium of about 70% to Beazer’s undisturbed share price of $18.77 on May 8, 2026, and about 56% to its undisturbed 30-day VWAP (volume-weighted average price) of $20.48 as of the same date. Dream Finders framed the move as its latest effort to engage with Beazer’s board after what it described as repeated resistance, including a proposed non-disclosure agreement containing a 12-month standstill period that it said would delay talks. Chairman and CEO Patrick Zalupski said Beazer’s actions did not appear focused on maximizing shareholder value and added that Dream Finders remained committed to the transaction and prepared to accelerate other measures to achieve shareholders’ desired outcome. The company said it does not currently anticipate regulatory or other concerns preventing a closing, and that financing could be arranged in the capital markets, supported by highly confident letters from Kennedy Lewis, Goldman Sachs & Co. LLC and BofA Securities.