Will John Hancock be on the block? That continues to be one of the biggest questions in the financial services industry and certainly grist for many rumor mills. Today, The Boston Globe
reports that those rumors continue to persist and describes the atmosphere at a recent shareholders meeting that a buy-out is a foregone conclusion. There had been a provision when Hancock demutualized that prevented an outside company (i.e. one not from Boston) from swooping in and buying out the firm, but that provision expired at the end of 2001.
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