Thursday, January 11, 2007
Sun Life Buying Genworth Division
Canadian financial services company Sun Life Financial Inc. said Thursday it is buying the U.S. group benefits business of insurance holding company Genworth Financial Inc. for $650 million. Sun Life plans to finance the acquisition with existing capital. Sun Life said the deal enhances its market share across its business lines in the U.S., and noted that Genworth's distribution network and focus on the small-case employer market will also speed the company's group insurance growth strategy.
Sun Life Buying Genworth Division
Source: Yahoo! Finance
Sun Life Buying Genworth Division
Source: Yahoo! Finance
Permalink posted by armandn @ 11:32 AM 
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