Amid a flurry of back and forth bids, Arlington-based homebuilder D.R. Horton Inc. appears to have the upper hand to acquire most of the assets of Austin-based real estate developer Forestar Group Inc.
On Friday, D.R. Horton (NYSE: DHI) boosted its bid to acquire 75 percent of Forestar’s outstanding shares to $17.75 per share, up from its original bid of $16.25. The move came after the other bidder, Starwood Capital Group, a Connecticut-based global investment firm, increased its own bid to acquire…
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