Dream Finders Homes’ now-public pursuit of Beazer Homes – after two previously rejected private offers – is a headline-grabbing hostile bid. It is also the clearest signal yet that the next phase of U.S. homebuilding consolidation is accelerating into a more furious and motivated battle over scale, operating leverage, land strategy and local market dominance,…
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UWM Holdings Corp. (UWM) raised its unsolicited offer to acquire Two Harbors Investment Corp. on Monday, proposing $12.50 per share in cash or 2.3328 shares of UWMC stock as it seeks to derail a pending merger with CrossCountry Mortgage (CCM). In an open letter to Two Harbors stockholders, UWM said it will submit a revised…
Zillow and Redfin’s legal battle with the Federal Trade Commission (FTC) and attorneys general from Virginia, Arizona, New York, Connecticut and Washington will continue. Last Thursday, a Virginia-based U.S. District Court judge denied a motion to dismiss the antitrust lawsuit the two online listing portals filed in mid-January. Originally filed as two separate lawsuits in…
Gibson Sotheby’s International Realty has acquired Madden Group, a New Hampshire brokerage serving the Seacoast region and nearby markets, and opened an office in Portsmouth, New Hampshire. The Portsmouth office is Gibson Sotheby’s first outside Massachusetts. Jennifer Madden, former principal owner and managing broker of Madden Group, will join Gibson Sotheby’s as vice president for…