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
TRI Pointe Lowers 2015 Guidance
TRI Pointe Homes released mixed 4Q 2014 earnings on Monday. The company reported earnings of 28 cents per share, which was 2 cents higher than analyst expectations. However, the $635M
Tri Pointe Profit Slips On Geographic Shift
TRI Pointe Group, Inc. (NYSE:TPH), Irvine, Calif., on Wednesday reported net income of $57.9 million, or $0.36 per share, for the fourth quarter ended Dec. 31, compared to net income
