Forestar Group Inc. (FOR) (“Forestar”) announced today that it is offering to sell 5,250,000 shares of its common stock in an underwritten public offering. As part of this offering, Forestar intends to grant the underwriters a 30-day option to purchase up to an additional 787,500 shares of its common stock. Citigroup and J.P. Morgan are joint book-running managers and representatives of the underwriters for this proposed offering.

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