San Diego, CA -- (SBWIRE) -- 04/19/2017 -- The takeover of Forestar Group Inc is under investigation over possible wrongdoing. The investigation was announced for investors, who currently hold shares of Forestar Group Inc. (NYSE:FOR), was announced concerning whether the takeover of Forestar Group Inc. by affiliates of Starwood Capital Group is unfair to NYSE:FOR stockholders.

Investors who purchased shares of Forestar Group Inc. (NYSE:FOR) and currently hold any of those NYSE:FOR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain officers and directors of Forestar Group Inc. breached their fiduciary duties owed to NYSE:FOR investors in connection with the proposed acquisition.

On April 13, 2017, Forestar Group Inc. (NYSE:FOR) announced that it has entered into a merger agreement with affiliates of Starwood Capital Group under which Starwood Capital Group will acquire all of the outstanding shares of common stock of the Company for $14.25 per share in cash.

However, given that at least one analyst has set the high target price for NYSE:FOR shares at $16.00 per share, the investigation concerns whether the offer is unfair to NYSE:FOR stockholders. More specifically, the investigation concerns whether the Forestar Group Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On April 18, 2017, NYSE:FOR shares closed at $14.20 per share.

Those who are current investors in Forestar Group Inc. shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com