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

ME Staff 8-k
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FORESTAR GROUP INC. (NYSE:FOR) Files An 8-K Other Events
Item 8.01.   Other Events.

On June 5, 2017, Forestar Group Inc. (the “Company”) issued a press release confirming that the Company’s board of directors received an unsolicited, nonbinding proposal from D.R. Horton, Inc. to acquire 75% of the outstanding shares of Company common stock for $16.25 in cash. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.   Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release of Forestar, issued June 5, 2017


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.