Faruqi & Faruqi, LLP Announces the Investigation of StanCorp Financial Group (SFG) Over the Proposed Sale of the Company to Meiji Yasuda Life Insurance Co.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of StanCorp Financial Group (“StanCorp” or the “Company”) (NYSE:SFG) for potential breaches of fiduciary duties in connection with the sale of the Company to Meiji Yasuda Life Insurance Co. for approximately $5 billion.
The Company’s stockholders will only receive $115.00 per share in cash for each share of Company common stock they own. The offer represents a negligible premium over the Company’s opening price per share on Friday, July 24th, and the stock is expected to continue climbing.
If you own common stock in StanCorp and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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