SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of The Ryland Group, Inc.
June 30 2015 - 5:35AM
Business Wire
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) 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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version on businesswire.com: http://www.businesswire.com/news/home/20150630005068/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/956-ryl-the-ryland-group-inc.html