Mario Gabelli Comments on StanCorp Financial Group Inc.

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Jan 29, 2016

StanCorp Financial Group Inc. (3.9%) (SFG – $113.88 – NYSE) (SFG, Financial), is a Portland, Oregon based financial services company. On July 23, 2015 the company was acquired by Meiji Yasuda Life Insurance Company for $115 cash per share, in a merger worth $4.9 billion. The transaction includes a 25 day go-shop period, in which StanCorp can solicit other potential bidders to make an offer. Following the go-shop period and after receiving shareholder and regulatory approvals, the transaction should close in the first quarter of 2016.

From Mario Gabelli (Trades, Portfolio)'s ABC Fund Merger and Arbitrage shareholder letter for the fourth quarter 2015.