Thursday Nov 07, 2024
FT
Thursday Nov 07, 2024
Wednesday, 12 August 2015 00:00 - - {{hitsCtrl.values.hits}}
US life insurance company Symetra Financial Corp said it agreed to be bought by Japan’s Sumitomo Life Insurance Co for about $ 3.8 billion in cash.
Symetra shareholders will receive $ 32 per share in cash at closing, plus a previously announced special dividend of $ 0.50 per share in cash, payable on 28 August.
Sumitomo Life, Japan’s fourth-largest life insurer by assets, was founded in 1907 and is headquartered in Tokyo and Osaka.
