Sun Life to snap up U.S. firms

Article Abstract:

Sun Life Financial Services of Canada Inc. plans to unveil a $2.6-billion acquisition in the U.S. annuities sector. The company has signed a deal to acquire Keyport Life Insurance Co. and Independent Financial Marketing Group (IFMG) from Liberty Financial Companies Inc. for $1.7-billion (U.S.) in cash.

Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Mergers, acquisitions and divestments, Brief Article, Liberty Financial Companies Inc., L, Keyport Life Insurance Co., Independent Financial Marketing Group Inc.

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Sun Life, citing markets, cuts equity issue by 40%

Article Abstract:

The September 11th terrorist attacks have forced Sun Life Financial Services of Canada Inc. to slash a planned equity issue by 40%, from $500 million to $300 million. The company plans to use the money toward completing $2.6 billion in acquisitions.

Product introduction, Economic aspects, Stocks, World Trade Center and Pentagon Attacks, 2001

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