NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Ryland Group, Inc. stock prior to June 14, 2015.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Ryland Group, Inc. (NYSE: RYL) to Standard Pacific Corp. (NYSE: SPF). At the time of the merger, Standard Pacific will implement a 1 for 5 reverse stock split after which Ryland shareholder will receive 1.0191 shares of Standard Pacific common stock for each share of Ryland common stock they own, with fractional shares paid out in cash. Upon completion of the merger, Ryland shareholders will own a minority 41% of the combined company. To learn more about the investigation and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.