Morgan & Morgan Announces Investigation of the Fairness of the Proposed Acquisition of Ryland Group, Inc. - RYL
Jun 16, 2015, 02:00 ET
NEW YORK, June 16, 2015 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential claims against the board of directors of Ryland Group, Inc. ("Ryland" or the "Company") (NYSE: RYL) concerning possible breaches of fiduciary duty and other violations of law related to the proposed acquisition of the Company by Standard Pacific Corporation ("Standard Pacific").
If you own shares of Ryland and would like to learn more about the Ryland investigation, you may contact Morgan & Morgan at 1(800) 732-5200 or email [email protected].
Under the terms of the proposed transaction, Standard Pacific will execute a 1-for-5 reverse stock split and then issue 1.091 common shares for each share Ryland stockholders own. Fractional shares will be paid in cash.
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