IFLR1000

Sumitomo Life Insurance $3.8 billion acquisition of Symetra

1/2/2016
Public acquisition
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$ 3.8 billion

Announced

1/2/2016

Overview:

  • Sumitomo Life Insurance has acquired Symetra for $3.8 billion.
  • The deal sees Symetra shareholders receive $32 a shares.
  • Symetra is a Washington based life insurer. 

Sam Duke - Editor

Jurisdictions:

United States
Japan

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Insurance

Firms:
Anderson Mori & Tomotsune

Party: Sumitomo Life Insurance Company (Acquirer)

Lawyer: Tomoki Debari

Simpson Thacher & Bartlett

Party: Sumitomo Life Insurance Company (Acquirer)

Lawyer: Sebastian Tiller

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