WILMINGTON, Del., June 15, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of The Ryland Group, Inc. (NYSE:
RYL)?
- Did you purchase any of your shares prior to June 15, 2015?
- Do you think the proposed merger value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of The Ryland
Group, Inc. ("Ryland" or the "Company") (NYSE: RYL) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company's entry into an agreement to merge with
Standard Pacific Corp. ("Standard Pacific") (NYSE: SPF).
Click here to learn more:
http://rigrodskylong.com/investigations/the-ryland-group-inc-ryl.
Under the terms of the agreement, 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 announced 1 for 5 reverse stock
split). Upon closing of the transaction, Standard Pacific
stockholders will own approximately 59% and Ryland shareholders
will own approximately 41% of the combined company.
The investigation concerns whether Ryland's board of directors
failed to adequately shop the Company and obtain the best possible
value for Ryland's shareholders before entering into an agreement
with Standard Pacific.
If you own the common stock of Ryland and purchased your shares
before June 15, 2015, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Seth D.
Rigrodsky or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone
at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/the-ryland-group-inc-ryl.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/the-ryland-group-inc-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-merger-300099280.html
SOURCE Rigrodsky & Long, P.A.