Notable Mergers and Acquisitions 8/11: (SYMC)/(CG) (SYA) (SHEN)/(NTLS) (TEX) (ENV)/(YDLE) - InvestingChannel

Notable Mergers and Acquisitions 8/11: (SYMC)/(CG) (SYA) (SHEN)/(NTLS) (TEX) (ENV)/(YDLE)

* Symetra Financial (NYSE: SYA) announced that it has entered into a definitive merger agreement with Sumitomo Life Insurance Company (“Sumitomo Life”) pursuant to which Sumitomo Life will acquire all of the outstanding shares of Symetra. 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 amount of the special dividend was established in connection with the determination of the total combined transaction consideration. The total combined transaction