Munger, Tolles & Olson represented Lazard as the financial advisor to Ryland Group Inc. in a proposed merger with Standard Pacific Corp that would create the fourth-largest homebuilder in the U.S. The deal was announced June 15, 2015.
According to the companies, the combination’s enterprise value would be approximately $8.2 billion. Together, the home builders would have diverse offerings: from entry level to luxury neighborhoods across 41 markets in 17 states. The new name of the joint company will be announced prior to closing.
The Munger Tolles team included Brett J. Rodda, Robert L. Dell Angelo, Mary Ann Todd and Andrew Z. Wolstan.