The company states: “On August 13, 2024, The Allstate Corporation, the “Registrant”, entered into a definitive Share Purchase Agreement with StanCorp Financial Group, Inc., the Buyer, an Oregon corporation, under which the Buyer has agreed to acquire all of the shares of the capital stock of the Registrant’s wholly owned indirect subsidiaries, American Heritage Life Insurance Company and American Heritage Service Company, comprising the Registrant’s employer voluntary benefits business, for $2Bin cash, adjusted for the closing balance sheet. The Transaction is subject to regulatory approvals and other customary closing conditions.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALL:
- Wells Fargo upgrades Allstate to Equal Weight, raises price target to $177
- Allstate upgraded to Equal Weight from Underweight at Wells Fargo
- Allstate price target raised to $205 from $191 at BMO Capital
- Allstate price target raised to $226 from $213 at BofA
- Allstate reports Q2 adjusted EPS $1.61, consensus 37c