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Meiji Yasuda Life Insurance Company to Acquire StanCorp Financial Group

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PORTLAND, Ore. & TOKYO--(BUSINESS WIRE)--Meiji Yasuda Life Insurance Company (“Meiji Yasuda”) and StanCorp Financial Group, Inc. (NYSE: SFG) today 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 StanCorp’s share price as of the close of business on July 23, 2015, and a 49.9% premium to StanCorp’s one-month-we

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