Millrose shares back in focus as Dream Finders pushes Beazer deal
Millrose Properties shares rose to $27.65 Friday after Dream Finders Homes renewed its $25.75-a-share cash bid for Beazer Homes, which Beazer’s board rejected as too low. Millrose has offered to provide up to $500 million in land-banking capital if Dream Finders succeeds, backed by a Goldman Sachs letter. Beazer said the bid was a 38% discount to its reported book value. Millrose reported Q1 net income of $122.9 million.