Dream Finders to Acquire Beazer Homes for $33.50/Share in $2.2B All-Cash Deal

summarizeSummary

Beazer Homes agreed to be acquired by Dream Finders Homes in an all-cash transaction at $33.50 per share, a $2.2 billion enterprise value deal that will create the sixth-largest U.S. homebuilder.

check_boxKey Events · M&A and Partnerships · BZH

• Definitive Merger Agreement Signed

  Beazer Homes entered into a definitive agreement to be acquired by Dream Finders Homes for $33.50 per share in cash, an enterprise value of approximately $2.2 billion.

• Shareholder Consideration

  Each Beazer share will be converted into the right to receive $33.50 in cash, representing a premium to the unaffected price. The deal is all-cash, providing immediate liquidity.

• Termination Fee and Deal Protection

  Beazer will pay a $31.3 million termination fee if the deal is terminated under specified circumstances, including to accept a superior proposal.

• Equity Award Treatment

  All outstanding Beazer equity awards (options, restricted stock, performance awards) will be cashed out at closing based on the $33.50 per share merger consideration.

auto_awesomeAnalysis · BZH · Real Estate & Construction

Beazer Homes has entered into a definitive merger agreement to be acquired by Dream Finders Homes for $33.50 per share in cash, a deal valued at approximately $2.2 billion. The transaction, unanimously approved by both boards, represents a significant premium and will create the sixth-largest U.S. homebuilder. The merger agreement includes a $31.3 million termination fee payable by Beazer under certain circumstances and is expected to close in Q4 2026, subject to shareholder and regulatory approvals. The filing also details the treatment of equity awards, a voting agreement where Dream Finders commits its 930,128 shares in favor, and a bylaw amendment adopting exclusive forum provisions. This is a transformative event for Beazer shareholders, providing immediate and certain cash value.