Voya Financial To Acquire OneAmerica Financial's Retirement Plan Business, Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Voya Financial is set to acquire OneAmerica Financial's retirement plan business. The financial terms of the deal have not been disclosed.
September 11, 2024 | 12:35 pm
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Voya Financial is acquiring OneAmerica Financial's retirement plan business, potentially expanding its market share in the retirement plan sector. The financial terms of the acquisition have not been disclosed.
The acquisition of OneAmerica's retirement plan business by Voya Financial is likely to enhance Voya's market position and growth prospects in the retirement plan sector. This strategic move could positively impact Voya's stock price in the short term, as it suggests expansion and potential revenue growth. However, the lack of disclosed financial terms introduces some uncertainty regarding the immediate financial impact.
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