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United States

Ryland Group Inc (RYL)

RYL on New York Consolidated

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Latest Key Developments (Source: Significant Developments)

Standard Pacific Corp and Ryland Group Inc announce merger of equals
Sunday, 14 Jun 2015 08:00pm EDT 

Standard Pacific Corp and Ryland Group Inc:Say that their respective boards of directors have unanimously approved a definitive merger agreement pursuant to which Standard Pacific and Ryland will combine in merger of equals to create a single company.Say the combined company would have an equity market capitalization of about $5.2 billion, an enterprise value of about $8.2 billion, and would own or control about 74,000 homesites.Say exchange ratio was established based on the 28 day volume weighted trading price of each company's common stock for the period commencing May 5, 2015 and ending June 12, 2015.Say that at the time of merger, Standard Pacific will implement a 1 for 5 reverse stock split, so that each 5 shares of Standard Pacific common stock will be combined into 1 share of Standard Pacific common stock.Say that after giving effect to reverse stock split, Ryland shareholders will receive 1.0191 shares of Standard Pacific common stock for each share of Ryland common stock (which would be 5.0957 shares prior to giving effect to the reverse stock split).Say fractional shares will be paid out in cash.Say that upon closing of transaction, Standard Pacific stockholders will own about 59 pct. and Ryland shareholders will own about 41 pct. of the combined company.Say merger is expected to be completed in early Fall 2015.  Full Article

Ryland Group Inc declares quarterly dividend
Friday, 1 May 2015 10:00am EDT 

Ryland Group Inc:Declared quarterly dividend of $0.03 per share.Payable on July 30 to common stockholders of record on July 15.  Full Article

Ryland Group, Inc. declares quarterly dividend
Friday, 27 Feb 2015 04:30pm EST 

Ryland Group, Inc:Declares quarterly dividend of $0.03 per share, payable on April 30, to common stockholders of record on April 15.  Full Article

Ryland Group, Inc. declares quarterly dividend
Thursday, 11 Dec 2014 12:00pm EST 

Ryland Group, Inc:Declares a quarterly dividend of $0.03 per share, payable on Jan. 30, 2015, to common stockholders of record on Jan. 15, 2015.  Full Article

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