HONG KONG, July 27 (Bernama-BUSINESS WIRE)-- A.M. Best has commented that the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” of Meiji Yasuda Life Insurance Company (Meiji Yasuda) (Japan) remain unchanged following its announced acquisition of StanCorp Financial Group, Inc (StanCorp) [NYSE:SFG].
This rating commentary follows the July 24, 2015, announcement by Meiji Yasuda that it has entered a definitive agreement to acquire a 100% stake in StanCorp. The acquisition price is USD 115 per share in cash totaling approximately USD 5.0 billion (approximately JPY 624 billion). The transaction is expected to close in the first-quarter of calendar year 2016, subject to the required regulatory approvals.
http://mrem.bernama.com/viewsm.php?idm=24931
No comments:
Post a Comment