India, May 11 -- Dream Finders Homes, Inc. (DFH), a house builder, said on Monday that it has submitted a proposal to the board of Beazer Homes USA, Inc. (BZH) to acquire Beazer at $25.75 per share in cash, which reflects a total equity value of around $704 million.
This acquisition proposal reflects a cash premium of around 40% over Beazer's closing share price on May 5.
Patrick Zalupski, CEO of Dream Finders, said: "We believe our proposal delivers significant value at a substantial premium for Beazer's shareholders. Combining our two companies, with our highly complementary footprints and product strategies, would create the seventh-largest U.S. homebuilder."
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