$FOR 10:51 am Forestar agrees to be acquired by St
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Posted On: 04/14/2017 2:30:03 PM
$FOR 10:51 am Forestar agrees to be acquired by Starwood Capital for $14.25/share in cash, or approximately $605 mln (FOR) : The Board of Directors of the Company has unanimously approved the merger agreement and has recommended approval of the merger by Forestar's stockholders. The transaction is expected to close in the third quarter of 2017 and is contingent on the approval of Forestar's stockholders, and is subject to the satisfaction or waiver of certain other closing conditions. In light of today's announcement, the Company will not issue an earnings release for its first quarter 2017 or hold a conference call for analysts and investors to discuss its first quarter 2017 financial results.
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