StanCorp Financial Group (SFG) Tops Q2 EPS by 30c

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Go back to StanCorp Financial Group (SFG) Tops Q2 EPS by 30c

Meiji Yasuda Life Insurance to Acquire StanCorp Financial Group (SFG) in $5B Deal

July 24, 2015 6:46 AM EDT

Meiji Yasuda Life Insurance Company and StanCorp Financial Group, Inc. (NYSE: SFG) announced that they have entered into a definitive agreement under which Meiji Yasuda will acquire all outstanding shares of StanCorp (or The Standard) for $115.00 per share in cash. The acquisition price represents a 50.0% premium to StanCorps share price as of the close of business on July 23, 2015, and a 49.9% premium to StanCorps one-month-weighted average share price. The total transaction value is approximately $5.0 billion.

Meiji Yasuda and The Standard are both leaders in group benefit insurance in their respective markets. Meiji Yasuda, founded... More