The standard to acquire allstate employer voluntary benefits business; companies announce distribution partnership

Portland, ore.--(business wire)--stancorp financial group, inc. (the standard) and the allstate corporation (nyse: all) announced earlier today a definitive agreement under which the standard will acquire allstate's employer voluntary benefits business for approximately $2 billion and enter into a product distribution partnership. the transaction is expected to close in the first half of 2025, subject to regulatory approvals and other customary closing conditions. the standard and allstate are.
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