Sun Life to snap up U.S. firms
Article Abstract:
Sun Life Financial Services of Canada Inc. plans to unveil a $2.6-billion acquisition in the U.S. annuities sector. The company has signed a deal to acquire Keyport Life Insurance Co. and Independent Financial Marketing Group (IFMG) from Liberty Financial Companies Inc. for $1.7-billion (U.S.) in cash.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
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Sun Life, citing markets, cuts equity issue by 40%
Article Abstract:
The September 11th terrorist attacks have forced Sun Life Financial Services of Canada Inc. to slash a planned equity issue by 40%, from $500 million to $300 million. The company plans to use the money toward completing $2.6 billion in acquisitions.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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