Dream Finders to announce $25.75 per share bid for Beazer, Bloomberg says

Dream Finders Homes (DFH) is is close to announcing a $704M, or $25.75 per share, offer to acquire Beazer Homes (BZH), David Carnevali and Ryan Gould of Bloomberg report, citing people familiar with the matter. Dream Finders could announce the offer as soon as Monday, sources told Bloomberg. Dream Finders has been trying to engage with Beazer since February and has become a top 10 shareholder, the sources added. Shares of Beazer are up 14%, or $2.69, to $21.46 following the report.