Deals
Unum, FGL Rally as StanCorp Deal Fuels Takeover Speculation
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Unum Group and Fidelity & Guaranty Life climbed in New York trading on speculation there could be more takeovers of U.S. life insurers after Japan’s Meiji Yasuda Life Insurance Co. agreed to buy StanCorp Financial Group Inc.
Unum, a provider of disability coverage, rose 4.5 percent to $37.82 at 1:24 p.m., the biggest intraday surge since 2013. Symetra Financial Corp. surged 5.3 percent, while FGL advanced