Housing is already booming in my area (Florida).!
Usually mergers get a lot of coverage, and often they come with large premiums for shareholders. News that Standard Pacific Corp. (NYSE: SPF) and Ryland Group Inc. (NYSE: RYL) are merging is not one of those instances due to it being touted as a merger of equals. What may matter more than this particular merger is whether this could be the beginning of more mergers that could consolidate the largest homebuilders in the nation.
24/7 Wall St. has identified the basics of the merger announcement, but the real focus will be on the other, smaller homebuilders that might be acquired by the larger players.
After looking at the size differences here, the reality is that if buyouts were to come, there are four larger players and three smaller players to consider. The larger companies by market cap than the merger of equals are DR Horton Inc. (NYSE: DHI), Lennar Corp…
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