BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of The Ryland Group, Inc. ("Ryland” or "the Company") (NYSE: RYL) for possible breaches of fiduciary duty and other violations of state law in connection with the merger of the Company with Standard Pacific Corp. (“Standard Pacific”).
Click here to learn more about the investigation http://brodsky-smith.com/956-ryl-the-ryland-group-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Ryland shareholders will receive only 1.0191 shares of Standard Pacific common stock for each Ryland share they own. This would also equal 5.0957 Ryland shares prior to giving effect to the announced 1 for 5 reverse stock split. The transaction values Ryland stock at only approximately $42.60 per share. The investigation concerns whether the Board of Ryland breached their fiduciary duties to shareholders and whether Standard Pacific is underpaying for Ryland. The transaction may undervalue Ryland and will result in a loss for many Ryland shareholders. For example, Ryland stock traded at $49.21 per share as recently as April 8, 2015 and an analyst has set a $55.00 per share price target for Ryland stock.
If you own shares of Ryland Stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/956-ryl-the-ryland-group-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.