NEW YORK, June 16, 2015 /PRNewswire/ -- Harwood
Feffer LLP (www.hfesq.com) is investigating potential claims
against the board of directors of The Ryland Group, Inc. ("Ryland"
or the "Company") (NYSE: RYL) concerning the proposed acquisition
of the Company by Standard Pacific Corp. ("Standard Pacific")
(NYSE: SPF).
Under the terms of the transaction, Standard Pacific would
acquire Ryland in a transaction that will result in a single
company with a market capitalization of approximately $5.2 billion. At the time of the merger, Standard
Pacific will implement a 1 for 5 reverse stock split and then
Ryland stockholders will receive 1.0191 shares of post-split
Standard Pacific stock for each share of Ryland common
stock.
Our investigation concerns whether the Ryland board of directors
is fulfilling its fiduciary duties, maximizing the value of the
Company, disclosing all material benefits and costs, and obtaining
full and fair consideration for Company stockholders.
If you own Ryland stock and wish to discuss this matter with us,
or have any questions concerning your rights and interests with
regard to this matter, please contact:
Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP