RYLAND SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Commences an Investigation of Ryland Group, Inc. (RYL) Over the Sale of the Co...
June 26 2015 - 7:45PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Ryland Group, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Ryland Group, Inc. (“Ryland” or the “Company”)
(NYSE:RYL) for potential breaches of fiduciary duties in connection
with the sale of the Company to Standard Pacific Corp. for
approximately $1 billion.
Ryland shareholders will receive 1.0191 shares of Standard
Pacific common stock for each share of Ryland common stock (which
would be 5.0957 shares prior to giving effect to the Standard
Pacific reverse stock split). Based on Standard Pacific’s closing
price on June 25, 2015, that would be about $47.10 in value.
However, at least one analyst has set a price target of $55.00
for the Company, and Ryland shares have traded as high as $49.66
over the past year.
Click here for more information:
www.faruqilaw.com/RYL. There is no cost or
obligation to you.
The investigation focuses on whether Ryland’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of Ryland’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
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in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
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If you own common stock in Ryland and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/RYL or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
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firm responsible for this advertisement is Faruqi & Faruqi, LLP
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Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330