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Freitag,
28.04.2017 13:15
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PR Newswire
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Hynes Keller & Hernandez, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forestar Group, Inc. (FOR)
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PR Newswire
NEW YORK, April 28, 2017
NEW YORK, April 28, 2017 /PRNewswire/ -- Hynes Keller & Hernandez, LLC is investigating the proposed sale of Forestar Group, Inc. ("Forestar" or the "Company") (NYSE: FOR) to affiliates of Starwood Capital Group. 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.
The investigation concerns whether the Forestar Board of Directors failed to satisfy their duties to the Company shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for Forestar shares of common stock.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may call us, without obligation or cost to you.
Click here for more information about our investigation of FOR: http://hkh-lawfirm.com/investigations-cases/forestar-group-inc-for/.
Hynes Keller & Hernandez, LLC is a shareholder rights law firm that represents institutional and individual investors. The firm is focused on providing exemplary legal services in the area of shareholder litigation. The firm has an experienced litigation team which has achieved significant victories on behalf of the firm's clients. You can visit our website at www.hkh-lawfirm.com for more information. Attorney advertising. Prior results do not guarantee similar outcomes.
If you hold shares in FOR and would like to obtain additional information about your legal rights and protect your investment, please visit our website or contact the attorneys below. There is no cost or obligation to you.
| Contact: | |
| | |
| Hynes Keller & Hernandez, LLC | Hynes Keller & Hernandez, LLC |
| Ligaya Hernandez, Esq. | Beth A. Keller, Esq. |
| 101 Lindenwood Drive, Suite 225 | 118 North Bedford Road, Suite 100 |
| Malvern, PA 19355 | Mount Kisco, NY 10549 |
| Telephone: (484) 875-3116 | Telephone: (914) 752-3040 |
| Email: lhernandez@hkh-lawfirm.com | Email: bkeller@hkh-lawfirm.com |
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hynes-keller--hernandez-llc-investigates-adequacy-of-price-and-process-in-proposed-sale-of-forestar-group-inc-for-300447799.html
SOURCE Hynes Keller & Hernandez, LLC
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