Manulife IPO could reach $3.2-billion

Article Abstract:

Manufacturers Life Insurance Co of Canada is projecting to raise some C$2.0 billion-$3.2 billion from the initial public offering of its stock. The company expects a price of C$20 to C$23 when it closes the offering of 138 million common shares on Sep 30, 1999. The demutualization of Manulife is valued at C$9 billion-C$ 12 billion, including the value of shares retained by shareholders who decided not to sell.

Organizational history, Life Insurance, Direct Life Insurance Carriers, Manufacturers Life Insurance Company (Philippines) Inc.

---

Kyoto pollution deal 'unraveling'

Article Abstract:

Canada's Environmental Minister David Anderson said that the Kyoto Protocol, which is an international agreement on global warming, might collapse following the withdrawal of the United States. U.S. President George W. Bush's policy has been attacked by environmental organizations, such as the Sierra Club of Canada.

Government regulation, All Other Miscellaneous Waste Management Services, Sanitary services, not elsewhere classified, Environmental Control NEC, Laws, regulations and rules, Environmental management, Pollution control industry, Bush, George W., Global warming, Environmental policy, Environmental services industry, Sierra Club, Anderson, David (American executive)

---

Similar abstracts:

• Abstracts: Best Buy gives Canada unit free rein. $100-million gift to fight brain drain. McClelland & Stewart gives itself to U of T
• Abstracts: Sun Life to pour millions into China. Ottawa flies to fill gap in air insurance
• Abstracts: PMC-Sierra buys Abrizio. Geac agrees to $1-billion buyout
• Abstracts: Call-Net raises Fonorola bid. Bell buys all shares of Bell West
• Abstracts: Cominco may be in line for a revival. Loewen shares fall 11% on asset sale

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