Important Information Regarding Acquisition of StanCorp Financial Group, Inc.
On March 7, 2016, StanCorp Financial Group, Inc. ("StanCorp") (NYSE ticker: SFG) announced completion of the acquisition of StanCorp by Meiji Yasuda Life Insurance Company ("Meiji Yasuda") in accordance with the previously announced Agreement and Plan of Merger dated July 23, 2015, among StanCorp, Meiji Yasuda and MYL Investments (Delaware) Inc.
As a result of the merger, each outstanding share of StanCorp's common stock has converted into the right to receive $115 per share in cash. StanCorp's stock has ceased trading and will be delisted from the New York Stock Exchange.
No changes were made to insurance policies, annuities or retirement savings with Standard Insurance Company as a result of the merger of StanCorp Financial Group, Inc and Meiji Yasuda Life Insurance Company. The Standard's headquarters, operations, employees, management team, distribution channels and products are not impacted by this transaction.
Computershare Inc. has been appointed paying agent with respect to the StanCorp common stock. Shareholders who hold book entry shares (those shares which are held electronically or in non-paper form) will receive their proceeds automatically from Computershare.
Shareholders who hold stock certificates will receive a letter of transmittal from Computershare containing instructions on how their shares can be exchanged for payment of the merger consideration.
StanCorp shareholders with questions regarding the exchange of their shares may contact Computershare directly at:
250 Royall Street
Canton, MA 02021
Toll Free: 800.546.5141 (within the US, its territories and Canada)
781.575.2765 (outside the US, its territories and Canada)
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