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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Fri., Sep. 25, 9:08 PM Recent mergers and acquisitions in the Real Estate M&A category.

Slide #85. Forestar Credo Petroleum

Acquirer: Forestar (NYSE:FOR)
Acquiree: Credo Petroleum
Details: Forestar Group Inc. announced the completion of its acquisition of CREDO Petroleum Corporation or approximately $146 million in cash, excluding closing costs. The company funded the purchase with borrowings under its senior credit facility and available cash.

Forestar Group is a residential lot development company. Co. manages its operations through its real estate reporting segment. The majority of Co.'s real estate projects are single-family residential communities. Co. acquires land for use in its development operations. Co.'s land development work is performed by subcontractors. Co. monitors land development activities, participates in main decisions, coordinates the activities of subcontractors and suppliers, reviews the work of subcontractors and monitors compliance with building codes or other regulations. Co. also makes short term investments in finished lots and undeveloped land with the intent to sell these assets within a time period.

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Company Name: 
Forestar Group Inc (New)
Real Estate
Number of ETFs Holding FOR: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Quotes delayed 20 minutes

Strong Buy (3.50 out of 4)
62nd percentile
(ranked higher than approx. 62% of all stocks covered)
Based on Zacks ABR data;
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Real Estate M&A - Slide 85 of 91 Page |

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