Standard Pacific and Ryland Announce Merger
Number 11 (in terms of unit sales volume) ranked Standard Pacific and Number 5 ranked Ryland announced plans to merge. The post-merger entity will be the 4th largest homebuilding company in the country with a market capitalization of $5.2 billion and revenue of $5.1 billion (over the last 12 months). Ryland’s CEO, Larry Nicholson, will take over the roles of CEO and president of the combined company while Scott Stowell, Standard Pacific’s CEO, will become its executive chairman.
About author
You might also like
PulteGroup Reports Miss; Stock Takes a Beating
PulteGroup, Inc. reported 1Q 2015 earnings of $55 million or 15 cents a share. Earnings were down from the year-ago period level of $74.8 million, or 19 cents per share,
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
Homebuilder Sentiment Dips in May
The NAHB/Wells Fargo Housing Market Index unexpectedly fell to 54 from 56 the month before. Nevertheless, there was an improvement in the six-month sales outlook from 63 to 64, the
