Canada Life, Crown strike deal

Article Abstract:

Canada Life of Toronto is acquiring Regina, Saskatchewan-based Crown Life Insurance Co.'s individual and group insurance operations in Canada as well as its non-Canadian reinsurance business and its international operations in Hong Kong, the Bahamas and elsewhere for around C$5 billion. In effect, Crown Life will hold assets worth C$1.5 billion that are mostly in real estate, which it will continue to manage. Canada Life also said that it will substantially reinsure and administer Crown Life's US insurance business. Canada Life provides life and health insurance and investment products with offices in the US, Ireland and Great Britain, while Crown Life offers life and health insurance and pension programs with offices in the US, the Caribbean, Macau and Hong Kong.

Comment:

Will acquire Regina, Canada-based Crown Life Insurance Co.'s individual and group insurance operations for around C$5 bil

Life Insurance, Direct Life Insurance Carriers, Canada Life Assurance Co., Crown Life Insurance Co., Article

---

BAT's Imasco Bid likely not enough

Article Abstract:

British American Tobacco PLC (BAT) has offered to acquire the 58% of Imasco Ltd it does not already own for a minimum of C$40 per share in cash or C$10.3 billion. BAT said that it intends to keep Imperial Tobacco Ltd and sell the other businesses. BAT has already signed a deal to sell CT Financial Services Inc to Toronto-Dominion Bank, and is selling Shoppers Drug Mart Ltd and Genstar Development Co which have an estimated combined value of C$2.5 billion.

Diversified Companies, Tobacco Products, Tobacco Manufacturing, Imasco Ltd.

---

Similar abstracts:

• Abstracts: Canadian defence, aerospace firms hurt by new U.S. technology rules. Canada, Singapore agree to begin historic free-trade talks
• Abstracts: B.C. venture capitalists on the move. Prolonged strike at Inco could boost nickel price
• Abstracts: Canadian law firms compete to attract lucrative U.S. deals. Biovail hits SAC with $4.6-billion suit. Brain drain? Statscan calls it a wash
• Abstracts: Air Canada told to look at bid fairly. UAL to buy most of US Airways
• Abstracts: Air Canada still likes Aeroplan spinoff. Air Canada cites layoffs for loss

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.