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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Ryland Group Inc (NYSE: RYL) acted responsibly on behalf of investors’ profitability in the planned sale to Standard Pacific Corporation (NYSE: SPF).
On June 14, 2015, Ryland Group Inc (NYSE: RYL) and Standard Pacific Corporation (NYSE: SPF)announced that they had entered into a merger agreement. Under the terms of the merger agreement, Ryland shareholders will receive 1.0191 shares of Standard Pacific common stock for each share of Ryland common stock they own. Fractional shares will be paid out in cash. Upon closing of the transaction, Standard Pacific stockholders will own approximately 59% and Ryland shareholders will own approximately 41% of the combined company.
Based in Westlake Village, CA, and founded in 1967 Ryland Group Inc is a home-builder and mortgage finance company. They specialize in building single-family detached homes and attached homes, such as townhomes and condominiums.
The investigation focuses on whether NYSE: RYL investors received the highest price and whether the directors of Ryland Group Inc acted in the best interest of Ryland Group Inc company and its shareholders.
If you purchased Ryland Group Inc (NYSE: RYL) prior to June 14, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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