BALA CYNWYD, Pa., June 18, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of The Ryland
Group, Inc. ("Ryland" or "the Company") (NYSE -RYL-News) for
possible breaches of fiduciary duty and other violations of state
law in connection with the merger of the Company with Standard
Pacific Corp. ("Standard Pacific").
Click here to learn more about the investigation
http://brodsky-smith.com/956-ryl-the-ryland-group-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Ryland shareholders will
receive only 1.0191 shares of Standard Pacific common stock for
each Ryland share they own. This would also equal 5.0957 Ryland
shares prior to giving effect to the announced 1 for 5 reverse
stock split. The transaction values Ryland stock at only
approximately $42.60 per share. The
investigation concerns whether the Board of Ryland breached
their fiduciary duties to shareholders and whether Standard Pacific
is underpaying for Ryland. The transaction may undervalue Ryland
and will result in a loss for many Ryland shareholders. For
example, Ryland stock traded at $49.21 per share as recently as April 8, 2015 and an analyst has set a
$55.00 per share price target for
Ryland stock.
If you own shares of Ryland Stock
and wish to discuss the legal ramifications of the
investigation, or have any questions, you may e-mail or call the
law office of Brodsky & Smith, LLC who will, without obligation
or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky
& Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/956-ryl-the-ryland-group-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC