14.08.2024 05:29:18
|
Allstate To Sell Employer Voluntary Benefits Business To StanCorp Financial For $2.0 Bln
(RTTNews) - Allstate Corp. (ALL) agreed to sell the Employer Voluntary Benefits business to StanCorp Financial Group Inc. for $2.0 billion in cash.
Allstate noted that the sale is the initial step in a strategic move to maximize the growth potential of its three Allstate Health & Benefits businesses—Employer Voluntary Benefits, Individual, and Group Health—by merging them with companies that offer complementary capabilities.
Allstate stated that the sale is anticipated to generate a gain of approximately $600 million and increase deployable capital by $1.6 billion.
The transaction is expected to close in the first half of 2025, subject to regulatory approvals and other customary closing conditions.

Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Stancorp Financial Group IncShsmehr Nachrichten
Keine Nachrichten verfügbar. |
Analysen zu Stancorp Financial Group IncShsmehr Analysen
Aktien in diesem Artikel
Allstate Corp. | 182,90 | -0,03% |
|