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.
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