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StanCorp purchased for $5 billion by Japanese firm

StanCorp, a 109-year-old insurance provider, has been sold to Meiji Yasuda Life Insurance Co. for $5 billion. StanCorp will maintain current operations, management team, employees and community support under The Standard brand. This merger brings together two market leaders in group insurance to significantly expand the scope of Meji Yasuda’s presence in the U.S. market. More information.