Hynes Keller & Hernandez, LLC is investigating the proposed sale of Forestar Group, Inc. (“Forestar” or the “Company”) (NYSE:FOR) to affiliates of Starwood Capital Group. Under the terms of the proposed transaction, Forestar shareholders will receive only $14.25 in cash for each of their shares. The proposed offer is below the 52-week high and below the median analysts’ price target of $16.00 per share.
The investigation concerns whether the Forestar Board of directors failed to satisfy their duties to the Company shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for Forestar shares of common stock.
If you hold FOR shares and you would like to discuss your legal rights, please email the firm at firstname.lastname@example.org. You can also contact us by calling Michael J. Hynes at (484) 875-3116 or by sending an e-mail to email@example.com.