Mario Gabelli Comments on StanCorp Financial Group Inc.

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Oct 19, 2015

StanCorp Financial Group Inc. (SFG, Financial)(2.8%) (SFG – $114.20 – NYSE), is a Portland Oregon based financial services company. On July 23, 2015 the company was acquired by Meiji Yasuda Life Insurance Company for $115 cash per share, in a merger worth $4.9 billion. The transaction includes a 25 day go-shop period in which StanCorp could solicit other potential bidders to make an offer. Following the go-shop period and after receiving shareholder and regulatory approvals, the transaction is expected to close in the first quarter of 2016.

From Mario Gabelli (Trades, Portfolio)'s third quarter 2015 ABC Fund commentary.

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