The Online Investor
Life & Health Insurance M&A image Life & Health Insurance M&A » By The Online Investor Staff, updated Sat., Aug. 13, 11:11 AM Recent mergers and acquisitions in the Life & Health Insurance M&A category.

Slide #9. Manulife Holdings Berhad MAAKL Mutual Bhd

Acquirer: Manulife Holdings Berhad (NYSE:MFC)
Acquiree: MAAKL Mutual Bhd
Details: Manulife Holdings Berhad ("MHB"), part of Canada-based Manulife Financial, today announced that it has entered into an agreement with MAA Group Berhad and other shareholders to acquire 100 per cent of its subsidiary MAAKL Mutual Bhd ("MAAKL"), one of Malaysia's successful unit trust companies. The deal is expected to close within the next two months, subject to regulatory approval. This acquisition will increase MHB's total assets under management to RM7 billion, elevating MHB's unit trust assets to become one of the Top 10 largest in the country.

Manulife Financial is a holding company. Through its subsidiaries, Co. is a life insurance company. Co.'s four operating segments are: Asia, which includes a range of health, protection, savings, medical, term and whole life products; Canada, which provides life, health, disability and specialty products, such as mortgage creditor and travel insurance; U.S., which provides a range of life insurance products, insurance-based wealth accumulation products, and has an in-force long-term care insurance business and an in-force annuity business; and Global Wealth and Asset Management, which provides investment advice and solutions to retirement, retail and institutional clients.

Open the MFC Page at The Online Investor »

Company Name: 
Manulife Financial Corp
Stock buyback: 
MFC buyback
Website: 
www.manulife.com
Sector: 
Life & Health Insurance
Number of ETFs Holding MFC: 
1
Total Market Value Held by ETFs: 
$680570
Total Market Capitalization: 
$37.39B
% of Market Cap. Held by ETFs: 
0.00%
 

Open the MFC Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree MFC Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Hold (2.50 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
MFC Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Life & Health Insurance M&A - Slide 9 of 57 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2022, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.