Will sell stake in John Hanock Tianan unit to focus on Manulife-Sinochem
Investment recognizes firm’s streamlined regulatory model and electronic trading platform, Ferstman says
Number of deals jumps, but value of deals plunges, Crosbie & Co. reports
Sale to group of brokerage firms could be completed by end of 2009
Acquisition provides platform for growth in commercial insurance
But number of industry deals on pace to fall short of 2008 levels by 50%
Company to issue shares to pay for bid
Deal with Alltrust Insurance Company of China subject to regulatory approval
AIC funds will become part of a more diversified fund lineup and could benefit from a strong distribution system
Firms looking to grow by acquisition will become the dominant driver behind M&A in the global asset management business in the months ahead, predicts new research from Jefferies Putnam Lovell.“With the capital markets recovering and investor fears receding, financial services M&A activity over the next 12 months will be fueled more by buyers seeking to […]