Beazer Homes Has Reverse Stock Split

Atlanta, GA, Oct. 15, 2012 -- Home builder Beazer Homes USA said Friday it will implement a reverse 1-for-5 stock split.

Shareholders will get one share for every five they own, but the value of the stock will increase by five times.

The split reduces the outstanding number of Beazer common shares from 123 million to about 24 million.