CalAtlantic Group is Official
The merger between Standard Pacific Corp. and the Ryland Group Inc. is now officially complete. The combined entity will operate under the name CalAtlantic Group in a reflection of its national footprint and ambitions. The combined company has a market cap of $5.4 billion and will trade on the NYSE under the ticker symbol CAA. Ryland’s CEO and President Larry Nicholson will maintain those titles with CalAtlantic while Standard Pacific’s CEO Scott Stowell will become the executive chairman of the board of directors.
About author
You might also like
DR Horton Reports Strong 1Q Earnings
Homebuilding bellwether, DR Horton, the largest homebuilder by revenue in the country, reported earnings of 39 cents a share or $142.5M for its fiscal year first quarter. This was up
Todd Palmaer Named CEO and President of RSI Communities
Industry veteran, Todd Palmaer, who recently served as a Regional President for Standard Pacific Homes, has been named as the CEO and President of RSI Communities based out of Newport
