The Online Investor
Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Mon., Feb. 17, 6:54 AM 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.

FOR SEC Filing Email Alerts Service


Open the FOR Page at The Online Investor »

Company Name: 
Forestar Group Inc (New)
Website: 
www.forestargroup.com
Sector: 
Real Estate
Number of ETFs Holding FOR: 
21
Total Market Value Held by ETFs: 
$57.02M
Total Market Capitalization: 
$1.00B
% of Market Cap. Held by ETFs: 
5.69%
 

Open the FOR Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Strong Buy (3.50 out of 4)
65th percentile
(ranked higher than approx. 65% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Real Estate M&A - Slide 85 of 91 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.