Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Is Hancock a Buyer or a Seller? Not Rated 2.3 Email Routing List Email & Route  Print Print
Friday, September 26, 2003

Is Hancock a Buyer or a Seller?

by: Sean Hanna, Editor in Chief

The Boston Globe is reporting that John Hancock Financial Services is in "advanced stages" of talks with an unnamed potential buyer. The paper quoted several "executives familiar" with those negotiations in an article detailing the possible sale published Friday morning.

Word of a possible deal leaked when Hancock started contacting directors to confirm their availability for a special board meeting, according to the paper. Trading volume in Hancock's stock tripled yesterday prior to the paper's article.

The article stated that it is "widely expected" that Hancock executives are negotiating a sale of the business, but it added that Hancock may be on the buyer's side of the table.

The lead contender to buy the insurer, according to the Globe, is ManuLife Financial Corp. Also mentioned as a possible buyer is MetLife Inc.

Then again, the paper states that Hancock may be negotiating to buy General Electric's insurance business or Citigroup's Travelers Life & Annuity Co. unit.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

2.3
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use