STANCORP SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of StanCorp Financial Group (SFG) Over the Prop...
August 11 2015 - 11:55AM
Business Wire
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.
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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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