FORESTAR GROUP INC. (NYSE:FOR) Files An 8-K Other Events

Item 8.01. Other Events.

On June8, 2017, Forestar Group Inc. (Forestar) issued a press
release announcing that its board of directors, after
consultation with its outside legal and financial advisors, has
determined that the unsolicited, nonbinding proposal received on
June5, 2017 from D.R. Horton,Inc. to acquire 75% of the
outstanding shares of Forestars common stock for $16.25 in cash
could reasonably be expected to lead to a Superior Proposal, as
defined in the previously announced Agreement and Plan of Merger
(the Merger Agreement) among Terra Firma Merger Parent, L.P., a
Delaware limited partnership (Parent), and Terra Firma Merger
Sub, L.P., a Delaware limited partnership and a wholly owned
subsidiary of Parent (Merger Sub), and Forestar. Parent and
Merger Sub are affiliates of Starwood Capital Group. The full
text of the press release is attached hereto as Exhibit99.1 and
is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

About FORESTAR GROUP INC. (NYSE:FOR)

Forestar Group Inc. is a residential and mixed-use real estate development company. The Company operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. Its Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties. Its Oil and Gas segment is an independent oil and gas exploration, development and production operation and manages its owned and leased mineral interests. Its Other Natural Resources segment manages its timber, recreational leases and water resource initiatives. The Company owns directly or through ventures interests in approximately 60 residential and mixed-use projects consisting of over 7,000 acres of real estate located in approximately 10 states and approximately 20 markets.