The Standard is a financial services company headquartered in Portland, Oregon, with operations and employees that remain unaffected by its acquisition by Meiji Yasuda Life Insurance Company. The merger resulted in the conversion of each outstanding share of StanCorp's common stock into a cash payment of $115 per share.
The company's insurance policies, annuities, and retirement savings with Standard Insurance Company were not altered as a result of the merger, and its distribution channels and products remain unchanged. Shareholders holding book entry shares will receive their proceeds automatically, while those with stock certificates will receive instructions on exchanging their shares for payment from Computershare Inc., the appointed paying agent.
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