Meiji Yasuda acquires StanCorp Financial for $5bn
Thursday, 03 10 2016, Category: Insurance and Reinsurance, Country: United States
Japan’s Meiji Yasuda Life Insurance has completed the acquisition of the US-based StanCorp Financial Group, for about $5bn.
Under the deal, which was first announced in July 2015, Meiji Yasuda acquired all outstanding shares of StanCorp by paying $115.00 per share in cash.
StanCorp now operates as a subsidiary of Meiji Yasuda.
Based in Portland of Oregon, StanCorp provides insurance, retirement and investment products and services.
Source: Insurance Business Review