Jun 16, 2015, 07:30 ET
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
Email: [email protected]
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.
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