Dream Finders Homes has boosted its takeover bid for Beazer Homes USA while urging the rival home builder's shareholders to withdraw their "unreasonable preconditions" after four failed attempts this year.

Florida-based Dream Finders is now offering $32 a share in cash to acquire all outstanding shares of its smaller rival, representing a nearly 24% increase to its $25.75-a-share proposal from May.

Beazer rejected that offer for being too low, saying at the time that it "significantly undervalued the company." Dream Finders subsequently increased the bid to $29.25 per share in June, though this was rejected for similar reasons.

Beazer stock jumped 12% to $30.80 in premarket trading Wednesday while Dream Finders ticked slightly lower. The escalating buyout proposals have been a boon to Beazer shares, which have rallied 35% this year, outstripping a 9.6% gain for the S&P 500.

The latest takeover attempt is Dream Finders' fifth proposal. The home builder first offered to acquire Beazer for $28.50 a share in cash in early February, followed by a $29-a-share bid in March.

While markets may be cheering the buyout noise, this contrasts with the acrimony at the negotiating table. Dream Finders on Wednesday accused Beazer of "demanding onerous preconditions," including a non-disclosure agreement with a 12-month standstill period, to stall a potential deal.

CEO Patrick Zalpuski asserted that Beazer's actions "go well beyond what is necessary to protect confidential information," adding that the terms cast doubt on the board's willingness to accept a deal that is in their shareholders' best financial interests.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

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July 08, 2026 08:19 ET (12:19 GMT)

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