Canada's Competition Bureau said on Friday it would not challenge Manulife Financial Corp's bid for the Canadian operations of Britain's Standard Life Plc, a deal that will significantly expand Manulife's presence in Quebec. The federal watchdog said it issued a no action letter after concluding the transaction is unlikely to result in a substantial lessening of competition. Manulife and Standard life announced the C$4 billion ($3.54 billion) cash deal in early September.
Manulife Financial Corporation (MFC) is a Canada-based financial services group with principal operations in Asia, Canada and the United States. Shares of MFC traded higher by 0.95% or $0.18/share to $19.17. In the past year, the shares have traded as low as $16.68 and as high as $20.77. On average, 1635230 shares of MFC exchange hands on a given day and today's volume is recorded at 550764.
Manulife Financial Corporation (MFC) is a Canada-based financial services group with principal operations in Asia, Canada and the United States. Shares of MFC traded higher by 0.28% or $0.06/share to $21.66. In the past year, the shares have traded as low as $18.91 and as high as $22.73. On average, 3174780 shares of MFC.TO exchange hands on a given day and today's volume is recorded at 1306035.
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