M&A
confidence high
sentiment positive
materiality 0.90
Dream Finders to acquire Beazer Homes for $33.50/share cash; close targeted in Q4 2026
Dream Finders Homes, Inc.
- Beazer shareholders get $33.50/share cash; both boards unanimously approved; expected close in Dream Finders' Q4 2026.
- Financing committed: $900M bridge facility (Bank of America, BofA Securities, Goldman Sachs), $800M land bank and $450M preferred equity (both Kennedy Lewis).
- Closing conditions: majority of Beazer shares approval, HSR waiting period expiration, no Company Material Adverse Effect; no financing condition.
- Outside Date Feb 6, 2027, extendable to May 6, 2027 for antitrust approvals; Beazer pays $31.3M termination fee in certain superior-proposal scenarios.
- Voting Agreement commits DFH to vote its Beazer shares for the merger; Beazer subject to no-solicitation and Change of Recommendation restrictions.