Wednesday, October 10, 2007
Manulife May Be Targeting Lincoln National, Principal Financial for U.S. Acquisition
Manulife Financial Corp. could be the next Canadian financial services company to spend its sky-high loonies on a deal in the U.S., said RBC Dominion Securities Inc. analyst Andre-Philippe Hardy.
Manulife is well positioned to make an acquisition because it has more than C$3-billion in capital available to spend, because of the soaring Canadian dollar, and because a purchase could lead to significant synergies with the insurer’s existing U.S. business, Mr. Hardy said in a note to clients.
Manulife May Be Targeting Lincoln National, Principal Financial for U.S. Acquisition
Source: Seeking Alpha
Manulife is well positioned to make an acquisition because it has more than C$3-billion in capital available to spend, because of the soaring Canadian dollar, and because a purchase could lead to significant synergies with the insurer’s existing U.S. business, Mr. Hardy said in a note to clients.
Manulife May Be Targeting Lincoln National, Principal Financial for U.S. Acquisition
Source: Seeking Alpha
Permalink posted by armandn @ 12:48 PM 
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