Ryland Group, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with Standard Pacific Corporation

DALLAS--()--Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Ryland Group, Inc. (“Ryland”) (NYSE: RYL) concerning the merger with Standard Pacific Corp. (NYSE: SPF). Under the terms of the agreement, valued at approximately $1 billion, Ryland shareholders will receive 1.0191 shares of Standard 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 SPF’s closing price before the announcement, the consideration is valued at approximately $42.60, which is significantly lower than the 52-week high of $49.66 and at least one analyst’s estimated value of $55.00 for Ryland.

If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick Powers at Powers Taylor LLP via e-mail at shareholder@powerstaylor.com or by calling toll free at (877) 728-9607. There is no cost or fee to you.

The investigation centers on whether Ryland’s Board of Directors is acting in the shareholders’ best interests, whether the board is properly negotiating a higher share price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of the stock could be as high as $55.00.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Contacts

The Briscoe Law Firm, PLLC
Willie Briscoe, 877-728-9607
shareholders@thebriscoelawfirm.com
or
Powers Taylor LLP
Patrick Powers, 877-728-9607
shareholder@powerstaylor.com

Release Summary

Former SEC attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Ryland Group, Inc.

Contacts

The Briscoe Law Firm, PLLC
Willie Briscoe, 877-728-9607
shareholders@thebriscoelawfirm.com
or
Powers Taylor LLP
Patrick Powers, 877-728-9607
shareholder@powerstaylor.com