Forestar Group shareholders okay D.R. Horton merger

Deal between land developer and home builder expected to close Oct. 5.

Builder

Shareholders of Forestar Group Inc., Austin (NYSE: FOR) at a special meeting on Tuesday approved a merger agreement with D.R. Horton, Arlington Tx. (NYSE:DHI).

D.R. Horton has agreed to acquire approximately 75% of the currently outstanding shares of Forestar.

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