Ademi probes Beazer-Dream Finders deal valued at about $2.2 billion

Ademi LLP said it is investigating Beazer over its recently announced transaction with Dream Finders, focusing on possible breaches of fiduciary duty and other legal violations. The firm said Beazer shareholders are set to receive $33.50 per share in an all-cash deal with an enterprise value of about $2.2 billion, while Beazer insiders will receive substantial benefits under change-of-control arrangements. It also said the merger agreement may restrict competing bids by imposing a significant penalty if Beazer accepts a rival offer, and that its review is centered on whether the board of directors is meeting its duties to all shareholders.

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