FORESTAR GROUP INC. (NYSE:FOR) Files An 8-K Other EventsItem 8.01. Other Events.
On October2, 2017, Forestar Group Inc. (“Forestar”) and D.R. Horton,Inc. (“D.R. Horton”) issued a press release announcing the final results of the elections made by Forestar stockholders regarding the form of merger consideration they wish to receive in connection with D.R. Horton’s pending acquisition of approximately 75% of the currently outstanding shares of Forestar to that certain merger agreement by and among D.R. Horton, Forestar and Force Merger Sub,Inc.. 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
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99.1
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Press Release of Forestar, issued October2, 2017
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Forestar Group Inc. ExhibitEX-99.1 2 a17-22748_1ex99d1.htm EX-99.1 Exhibit 99.1 D.R. Horton and Forestar Announce Final Merger Consideration Election Results ARLINGTON and AUSTIN,…To view the full exhibit click here
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.