Mutual Life customers may share $2.9-billion

Article Abstract:

Mutual Life Assurance Company of Canada has mailed to its policyholders a 226-page guide that contains the details of its plans to convert to a publicly traded company owned by shareholders. The demutualization plan needs the approval of at least two-thirds who will cast their ballots in a special meeting scheduled on Jun, 10, 1999. The planned IPO is expected to give its 900,000 policyholders around C$1.9 billion-$2.9 billion in windfall shares and cash.

Organizational history, Mutual Life Assurance Company of Canada

---

Sun Life badly mauled again by fallout from pension sales scandal

Article Abstract:

Sun Life Assurance Company of Canada has posted a profit of C$50 million on revenue of C$7.7 billion in the 1st half of 1999, from a loss of C$238 million on C$6.6 billion in the 1st half 1998. The US, Canada and Asian- Pacific operations posted profits of C$212 million, C$99 million and C$33 million, respectively. The UK operation lost C$237 million as a result of the British pension sales scandal.

Sales, profits & dividends, Sun Life Assurance Company of Canada

---

Amex Canada, TD strike card deal

Article Abstract:

American Express Canada Inc. has reached a deal with Toronto-Dominion Bank in which it will distrubute its credit cards to the bank's corporate and commercial customers. The move represents another expansion by Amex into Visa credit card territory.

All Other Plastics Product Manufacturing, Goods & services distribution, Alliances, partnerships, Channels of Distribution, Plastic Credit Cards, Banking industry, Credit cards, Contracts, Credit and debit card industry, Credit card industry, Distribution, Toronto Dominion Bank, American Express Canada Inc., Distribution agreements

Similar abstracts:

• Abstracts: Manulife expected to launch share buyback. U.S. set to allow Canadian beef: Cellucci. OSFI defends tracing origins of terror cash
• Abstracts: Beyond the referendum: speculators are betting that Canada is headed for economic trouble if it votes yes or no
• Abstracts: Kids, careers and the day care debate: about three million children need supervision. Turning words into action
• Abstracts: Down-home blues: a $5.2-billion oil megaproject struggles to stay afloat, searching for a new partner. The flying game: PWA fights on all fronts to stay afloat
• Abstracts: Here we are again. It's all about ethanol. Because we're here

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