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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Stancorp Financial Grp., Inc. | NYSE:SFG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 114.97 | 0 | 01:00:00 |
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of StanCorp Financial Group
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 of $113.81 on Tuesday, August 11, and the stock is expected to continue climbing.
Click here for more information: www.faruqilaw.com/SFG .There is no cost or obligation to you.
The investigation focuses on whether StanCorp’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of StanCorp’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in StanCorp and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/SFG or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150811006099/en/
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew York, NY 10017Attn: Juan E. Monteverde, Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212) 983-9330
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