Dream Finders reaffirms acquisition proposal for Beazer Homes

Dream Finders Homes (DFH) made available an investor presentation in connection with its proposal to acquire Beazer Homes USA (BZH). On May 5, 2026, Dream Finders submitted a proposal to acquire Beazer Homes in an all-cash transaction at $25.75 per share, representing an approximate 40% premium to Beazer’s closing share price on May 5, 2026, and reflecting a total equity value of approximately $704 million. In rejecting the proposal and refusing to engage, Beazer’s Board of Directors offers no credible basis for its assertion that Dream Finders’ offer undervalues the company. “Instead, the Beazer Board is asking shareholders to overlook Beazer’s prolonged underperformance and to continue relying on a standalone strategy that has consistently produced weak margins, lagging growth and poor returns,” the company said. “The status quo is clearly failing: Beazer is an underperformer and consistently ranks last across every relevant metric among publicly traded homebuilder peers,” said Patrick Zalupski, Chairman and Chief Executive Officer of Dream Finders. “We believe the Beazer Board is failing to fulfill its fiduciary duties, as its refusal to engage on our compelling acquisition proposal is not in the best interest of shareholders.”