Forestar Spiking over 9% Higher after Withdrawal of Notes

Forestar Group Inc. FOR today announced that, as a result of recent deterioration in the capital markets, it and its wholly-owned subsidiary, Forestar Real Estate Group Inc., have decided not to proceed with their previously announced proposed private offerings of $100 million aggregate principal amount of convertible notes due 2018 and $150 million aggregate principal amount senior secured notes due 2019. Read more here.