Homebuilder Ryland Group shares soar after announcing merger with Standard Pacific

By Staff Report  /  Monday, June 15th, 2015  /  Earnings, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Homebuilder Ryland Group shares soar after announcing merger with Standard Pacific

Shares of Westlake Village-based homebuilder Ryland Group soared more than $2.20 or 5 percent to more than $45 per share after the company announced a merger with rival Standard Pacific of Irvine. Though billed as a “merger of equals,” the roughly $5.2 billion deal would give Standard Pacific shareholders the majority of shares in the Read More →