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Construction

Oct. 2, 2015

Standard Pacific, Ryland Group complete merger

The company anticipates that production and purchasing from the transaction could cause annual cost savings between $50 million to $70 million.

Two of the nation's top homebuilders - Standard Pacific Corp. and The Ryland Group Inc. are closing their previously announced merger and launching a combined consumer brand, called CalAtlantic Homes.

CalAtlantic will trade on the New York Stock Exchange under the symbol CAA.

As of June 30, CalAtlantic had an equity market capitalization of approximately $5.4 billion, an enterprise value of approximately $8.4 billion, and owned or controlled approximately 76,000 home sites. <...

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