The transaction price of $14.25 for each share of Forestar represents an 8.2% premium to the 90-day volume weighted average price of common stock of the company.
The deal gives Beekman, which operates under the brand New Vision Theatres, locations in Florida, Georgia, Illinois, Minnesota, New Jersey, Oklahoma, Pennsylvania and Wisconsin.
Part real estate brokers, part legal advisors and part wholesale marketers, these hybrid firms seem to get all the big store disposition assignments when retailers go belly up.
While overall U.S. employment growth lost steam with a disappointing 98,000 jobs added in March, nonresidential construction remains a bright spot with impressive.
Strong levels of U.S. college enrollment and the diminished capacity for cash-strapped public universities to fund new dormitory development are creating more opportunities in the student housing sector.