Pending Home Sales -0.8% vs 1% Expected

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D. R. Horton (DHI) Announces Merger Agreement with Forestar Group (FOR); Will Acquire 75% of FOR Shares at $17.75/Sh

June 29, 2017 8:52 AM EDT

D.R. Horton, Inc. (NYSE: DHI) (D.R. Horton), Americas Builder, and Forestar Group Inc. (NYSE: FOR) (Forestar) today announced the execution of a definitive merger agreement under which D.R. Horton will acquire 75% of the currently outstanding shares of Forestar for $17.75 per share in cash.

We are pleased to have reached this agreement with Forestar, said Donald R. Horton, Chairman of the Board of D.R. Horton. The acquisition of a... More

KB Home (KBH) PT Raised to $23 at Deutsche Bank; Remains Sidelined

June 29, 2017 7:00 AM EDT

Deutsche Bank raised its price target on KB Home (NYSE: KBH) to $23.00 (from $20.00) while maintaining a Hold rating.... More