Morgan & Morgan Announces the Investigation of the Fairness of the Proposed Acquisition of Symetra Financial Corp. - SYA

Aug 12, 2015, 11:36 ET from Morgan & Morgan

NEW YORK, Aug. 12, 2015 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential claims against the board of directors of Symetra Financial Corp. ("Symetra" or the "Company") (NYSE: SYA) concerning possible breaches of fiduciary duty and other violations of law related to the proposed acquisition of the Company by Sumitomo Life Insurance Company in a transaction valued at approximately $3.8 billion.

If you own shares of Symetra and would like to learn more about the Symetra shareholder investigation, you may contact Morgan & Morgan at 1(800) 732-5200 or email info@morgansecuritieslaw.com.

Under the terms of the transaction, Symetra shareholders will receive $32.00 per share in cash at closing, plus a previously announced special dividend of $0.50 per share in cash, which is payable on August 28, 2015 to Symetra shareholders of record as of August 10, 2015. The investigation relates to whether the proposal is fair to the public shareholders and if the Company's Board of Directors breached their fiduciary duties to shareholders.

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Contact: Morgan & Morgan Peter Safirstein, Esq. 28 West 44th Street Suite 2001 New York, NY  10036 1-800-732-5200 info@morgansecuritieslaw.com

 

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