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Homebuilders Standard Pacific, Ryland Group agree to merger

2015-06-15 04:37:49| Auto Dealers - Topix.net

Standard Pacific Corp. and Ryland Group Inc. have agreed to merge in an all-stock transaction that will create a single homebuilder with operations in 17 states. The two California-based homebuilders said late Sunday that their boards of directors have unanimously agreed to go forward with "a merger of equals" that would form a company with an equity market capitalization of about $5.2 billion.

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