Inside the $560M Forestar saga: D.R. Horton was involved longer than we thought

D.R. Horton’s June 5 bid to buy 75 percent of Austin-based Forestar Inc. for $16.25 a share seemingly came out of nowhere, spoiling a previous deal in which Starwood Capital Group agreed to acquire Forestar for $14.25 a share. But a recent securities filing reveals new behind-the-scenes details, which indicate that D.R. Horton’s June takeover bid wasn’t the first deal it tried to make with Forestar.

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