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    • Meiji Yasuda to pay $5 billion for StanCorp

    July 27, 2015 by ALLISON BELL

    Meiji Yasuda Life Insurance Company has agreed to pay $5 billion in cash for StanCorp Financial Group Inc. (NYSE:SFG), the parent of The Standard.

    The deal amounts to $115 per share, or a price about 50 percent higher than the recent stock price.

    StanCorp, a company founded in 1906, has been a top player in the U.S. disability insurance market and a major player in the annuity and group life markets. Click here to read…

    Originally Posted at LifeHealthPro on July 24, 2015 by ALLISON BELL.

    Categories: Industry Articles
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