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WSJ: Manulife exploring IPO or spinoff of John Hancock unit

Published 07/13/2017, 12:43 PM
© Reuters.  WSJ: Manulife exploring IPO or spinoff of John Hancock unit
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  • Manulife Financial (MFC +1.7%) spikes following a WSJ report that it is exploring a potential IPO or spinoff of its John Hancock Financial Services unit.
  • MLF has been under pressure from some of its shareholders to sell John Hancock after years of disappointing returns from the unit, according to the report.
  • Such a move would follow rival insurers MetLife (NYSE:MET) and AXA in shedding large U.S. operations built around sales of life insurance, retirement income annuities and other savings products.
  • Now read: Manulife Financial (MFC) Investor Presentation - Slideshow


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