Manulife Strengthens Canada Hold With Standard Life Purchase

Insurer agreed to buy Standard Life Plc’s Canadian business, the fifth-largest life insurer in the nation, for about $3.7 billion USD.

September 4, 2014

Katia Dmitrieva

(Bloomberg) -- Manulife Financial Corp., Canada’s largest life insurer, strengthened its hold on the market with a deal to acquire one of its biggest competitors while bolstering assets and returning capital to shareholders.

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