Beazer Homes surges after report of revised Dream Finders buyout offer
BUZZ-Beazer Homes surges after report of revised Dream Finders buyout offer ** Homebuilder Beazer Homes USA BZH.N rises 14% to $31.26 premarket
** BZH on track to hit one-and-a-half-year peak, if gains hold, the** Dream Finders Homes DFH.N boosts bid to buy BZH in an all-cash transaction valued at $875 million, at $32 per share, Bloomberg reports
** Offer represents a premium of 16.7% to Beazer Homes' last closing price
** In May, DFH agreed to buy BZH for cash at $25.75 per share or about $704 million
** Up to last close, stock up 35.2% YTD
(Reporting by Sudeshna Ghoshal in Bengaluru)
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Deals of the day-Mergers and acquisitions
Brief: Dream Finders Homes If Deal Terminated Under Certain Circumstances, Beazer To Pay To Co Termination Fee Of $31.3 Million - SEC Filing