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.
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