Why Beazer Homes Stock Was Zooming Higher This Week
A very determined suitor made yet another takeover bid for the company.
Overview
The latest developments in a long-running takeover saga helped lift Beazer Homes (NYSE: BZH) stock impressively as the week flew by. According to data compiled by S&P Global Market Intelligence, the company's shares were riding nearly 11% higher week to date as of Friday before market open.
The other player in that drama is peer housing construction company Dream Finders Homes (NYSE: DFH), which has been trying to get Bezer to agree to a deal since the beginning of this year. On Wednesday, it made its fourth offer public, with a bid of $32 per share for Beazer.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.