Login

Updated: Forestar Gives a Nod to Surprise Bid from Homebuilder D.R. Horton

Not So Fast: Bid for 75% of the Company Bests Starwood Capital’s Offer by $2/Share

Forestar Group Inc. (NYSE:FOR) this morning announced that its board has determined that the unsolicited, nonbinding proposal received from D.R. Horton Inc. (NYSE: DHI) to acquire 75% of the outstanding shares of Forestar common stock for $16.25 in cash could reasonably be expected to lead to a “superior proposal,” to Forestar’s merger agreement with Starwood Capital Group.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In