An activist shareholder says he agreed with Beazer Homes USA Inc.’s decision in May to reject a $704 million takeover bid from Jacksonville-based Dream Finders Homes Inc.
But now that Dream Finders has increased its offer to about $874 million in cash, Will Wyatt, managing partner of The Donerail Group, thinks Beazer should consider it.
“Following the news on July 8th of DFH’s latest revised offer of $32.00 per share, alongside the Company’s own report that it has received interest from additional parties regarding a range of potential transactions, we believe the situation has fundamentally shifted,” Wyatt said in a letter to Beazer’s board of directors…