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Forestar Group Inc. (FOR)

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  • Jun. 4, 2012, 9:06 AM
    Forestar (FOR) agrees to acquire Credo Petroleum (CRED) for $14.50/share, or ~$146M. The deal would provide FOR with "meaningful" ownership and operations in several strategic oil and gas formations including the Bakken and Three Forks. CRED +22.8% premarket.
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Company Description
Forestar Group Inc is a real estate and oil and gas company. The Company owns 113,000 acres of real estate including about 102,000 acres with timber. It also has 960,000 net acres of oil and gas mineral interests in the continental U.S.
Sector: Financial
Country: United States