Notable Mergers and Acquisitions of the Day 9/4: (MFC) (BWP) (MFRM) (WDFC) - InvestingChannel

November 27, 2024

Notable Mergers and Acquisitions of the Day 9/4: (MFC) (BWP) (MFRM) (WDFC)

by Street Insider078

* Manulife Financial (NYSE: MFC) announced that The Manufacturers Life Insurance Company (“MLI”) and Standard Life Oversea Holdings Limited, a subsidiary of Standard Life plc, have entered into an agreement under which MLI will acquire the Canadian-based operations of Standard Life plc for approximately $4 billion in cash at closing, subject to certain adjustments.

“Several months ago, Standard Life decided to explore the sale of its Canadian operations through a competitive process,” said Donald A. Guloien, President and Chief Executive Officer, Manulife1. “We are delighted to be named the successful bidder.”

This transaction significantly builds our capability to serve customers in