Attention, those of you who own Ryland Group Inc. (RYL): RYL is the target of an acquisition by Standard Pacific Corp. (SPF); full details of the merger can be found here. The merger will involve a reverse stock split and an exchange in stocks between the two merging companies that will make it difficult to apply the Snider Method consistently moving forward. Because of this, you should sell your shares of RYL and Transmogrify if necessary. If you are able to sell your shares above your average cost, there is no need to Transmogrify.
We’re here to help! Here is a link to the Transmogrification document that will tell you step-by-step what to do.
LattcoPRO clients: please give us a call after you go through the process and we will make necessary adjustments for you, the calculations in steps #5 and #6 on the Transmogrification document are not necessary for you to perform.
If you have any questions, please don’t hesitate to contact us at support@snideradvisors.com or 1-888-6-SNIDER. We’ll be happy to walk you through the process.
