DFH News & Events

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."

Beazer Homes board rejects unsolicited Dream Finders proposal

Beazer Homes USA, Inc. (BZH) confirmed that its Board of Directors, with the assistance of its financial and legal advisors, has evaluated and rejected multiple unsolicited, non-binding proposals from Dream Finders Homes, Inc. (DFH) to acquire all of the outstanding shares of Beazer. In evaluating the proposals, the Beazer Board determined that they significantly undervalued the Company, were not in the best interests of Beazer shareholders and did not establish an appropriate basis for discussions. Dream Finders' most recent proposal conveyed to the Company on May 5, 2026 offered $25.75 per share in cash. The May 5 Proposal was preceded by two other proposals from Dream Finders to acquire Beazer: a proposal on March 17, 2026, for $29.00 per share in cash and an initial proposal on February 5, 2026, for $28.50 per share in cash. Notably, the May 5 Proposal represented an 11% reduction from the March 17 Proposal and a 10% reduction from the February 5 Proposal. The Beazer Board has unanimously determined that all three proposals significantly undervalue Beazer and, therefore, none of the proposals are in the best interests of Beazer shareholders. In rejecting each of Dream Finders' proposals, the Beazer Board said it considered, among others, the following factors: The proposals represent a significant discount to book value per share, which has only grown since the initial February 5 proposal; Executing the Company's Multi-Year Goals is the best path for maximizing shareholder value; Beazer's capital allocation strategy and strong liquidity position provide it with ample financial flexibility, not only to fund its operating, financial and strategic objectives, but also to return significant capital to shareholders.

The major averages closed slightly higher despite a continued stalemate in U.S.-Iran negotiations and continued disruption around the Strait of Hormuz. Markets begin the week in the green as they look to build on six straight weeks of gains, with investors trying to reconcile resilient economic data, rising geopolitical risk and an AI trade that refuses to cool off.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:FoxreportedCircle Internetreportedand provided FY26 guidanceDream Finders HomesBeazer Homesfor $25.75 per shareMosaicreported, lowered its FY26 CapEx guidance, and withdrew its FY26 phosphate production guidancePresident Trump is set to travel to China this week,including Tesla'sElon Musk and Apple'sTim Cook2. WALL STREET CALLS:UBSDell Technologieson valuation after rallyUberto Outperform at Fox Advisors as investments start paying offWendy'sto Underweight at JPMorganStarz Entertainmentto Outperform at BairdWall Streeton two recent IPOs, Madison Airand Arxis3. AROUND THE WEB:Starbucksplans to lay off 61 corporate staff in its technology unit at its Seattle headquarters, Reuters reportsApollo Globalis in talks to sell MidCap Financial, WSJ reportsA Microsoftdata center site in East Africa has been delayed due to disagreements with the Kenyan government over guaranteed payments, Bloomberg reportsGeneral Motorswill pay $12.75M to resolve a California investigation into claims that it illegally sold the location and driving data of OnStar subscribers to brokers, Reuters saysAppleis working on a "slight redesign" for macOS 27 to address Liquid Glass issues, Bloomberg says4. MOVERS:Babcock & Wilcoxrises afterMonday.comhigher afterand providing guidance for Q2 and FY26Erascagains after entering into anand supply agreement with MerckCertarafalls afterTelephone & Data Systemslower after Raymond Jamesthe stock to Market Perform from Outperform5. EARNINGS/GUIDANCE:Seadrillprovided areport for Q1Townsquare MediareportedDolereported ain Q1 earningsKodiak Gas Servicesprovided areport for Q1LiquidiareportedINDEXES:The Dow rose 95.31, or 0.19%, to 49,704.47, the Nasdaq gained 27.05, or 0.10%, to 26,274.13, and the S&P 500 advanced 13.91, or 0.19%, to 7,412.84.