Forestar to be bought by Starwood Capital for $605M

|About: Forestar Group Inc. (FOR)|By:, SA News Editor

Real estate developer Forestar Group (NYSE:FOR) agrees to be acquired by P-E firm Starwood Capital for $14.25/share, an 8.2% premium to the 90-day volume weighted average price.

FOR says it will not issue a Q1 earnings release or hold a conference call to discuss Q1 financial results.