NEW YORK, April 17, 2017 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Forestar Group Inc. (NYSE: FOR), concerning the proposed acquisition of Forestar by Starwood Capital Group. According to Carl Stine, who is a partner at Wolf Popper LLP, "Based on where Forestar's stock price was trading before the announcement of the deal and the significantly higher median analysts' target, it is clear that this is a lowball price."
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.
Wolf Popper is investigating claims on behalf of investors in Forestar concerning the transaction. Forestar's shareholders seeking more information about the transaction or Wolf Popper's investigation can contact Mr. Stine at (212) 759-4600 or firstname.lastname@example.org.
Wolf Popper has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2016 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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SOURCE Wolf Popper LLP