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Forestar officially spurns Starwood Capital, agrees to sell to D.R. Horton for $560 million

The bidding war between Starwood Capital Group and D.R. Horton over which real estate giant would buy residential and mixed-use real estate developer Forestar Group is now over. And D.R. Horton won. After weeks of negotiating, D.R. Horton will buy 75% of the Forestar’s shares for a total purchase price of approximately $560 million.
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