Items Tagged with 'Forestar Group'

ARTICLES

  • D.R. Horton completes acquisition of real estate developer Forestar Group

    Majority of Forestar shareholders choose to cash out
    After a tug-of-war between Starwood Capital Group and D.R. Horton over which real estate giant would buy real estate developer Forestar Group, D.R. Horton eventually won out, thanks to a superior offer that significantly topped Starwood’s bid for Forestar. Now, the merger of D.R. Horton and Forestar is complete, as the homebuilder announced Friday morning that the deal is done.
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  • Forestar officially spurns Starwood Capital, agrees to sell to D.R. Horton for $560 million

    Forks over $20 million to cancel deal with Starwood
    The bidding war between Starwood Capital Group and D.R. Horton over which real estate giant would buy residential and mixed-use real estate developer Forestar Group is now over. And D.R. Horton won. After weeks of negotiating, D.R. Horton will buy 75% of the Forestar’s shares for a total purchase price of approximately $560 million.
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  • Forestar preparing to spurn Starwood Capital after D.R. Horton improves its offer

    Both companies up acquisition offers, but Forestar now favors homebuilder

    Thanks to a bidding war between two real estate giants, Forestar Group and its shareholders find themselves squarely in the catbird’s seat. As recently as one day ago, Forestar said that it still planned to sell itself to Starwood Capital Group for $15.50 per share despite D.R. Horton attempting to swoop in and buy 75% of the company for a higher price, $16.25 per share. But things can change quite a bit in 24 hours.


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  • Starwood Capital ups its offer for Forestar as battle with D.R. Horton intensifies

    Each company wants to buy Forestar, but who will win?
    There’s a battle brewing between two real estate titans as Starwood Capital Group and D.R. Horton are both angling to acquire Forestar Group, a residential and mixed-use real estate developer. Starwood wants to buy the company for $14.25 per share, while D.R. Horton wants to buy 75% of the company for $16.25 per share. But Thursday, Starwood upped the ante by raising its offer for Forestar.
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  • D.R. Horton proposes to acquire 75% of Forestar Group

    Forestar would remain a public company
    Homebuilder D.R. Horton announced it submitted a proposal to the board of directors of Forestar Group to acquire 75% of the currently outstanding shares of Forestar. If completed, D.R. Horton said it would work to make Forestar the country’s leading residential land development company.
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