Did obatan make a mini-tender offer on Manulife shares?
TORONTO, June 24, 2021 /CNW/ - Manulife has been notified of an unsolicited mini-tender offer made by Obatan LLC (Obatan) to purchase up to 500,000 Manulife common shares, or approximately 0.026% of the common shares outstanding, at a price of USD$12.00 per share.
Is Manulife Financial a good stock to buy?
They are a cheap stock with a decent dividend. Stockchase rating for Manulife Financial is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock. What is Manulife Financial stock symbol?
Where is Manulife based?
With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States.
Should Manulife shareholders tender their shares in response to this unsolicited offer?
Manulife does not endorse this unsolicited offer, is in no way associated with Obatan, and makes no recommendation as to whether shareholders should tender their shares in response to the offer. Manulife cautions shareholders that the mini-tender offer has been made at a price below the current market price for Manulife shares.
Where is Manulife located?
Is Manulife affiliated with Obatan?
About this website
Why do companies do mini tender offers?
"Mini-tender" offers are tender offers that, when consummated, will result in the person who makes the tender offer owning less than five percent of a company's stock. The people behind these offers—also known as "bidders"—frequently use mini-tender offers to catch shareholders off guard.
Who is the transfer agent for Manulife Financial?
TSX Trust CompanyManulife Financial Corporation's global stock transfer and dividend disbursing agent is TSX Trust Company (“TSX”).
What is stock tender offer?
A tender offer is a public bid for stockholders to sell their stock. Typically, a tender offer is commenced when the company making the offer – the bidder – places a summary advertisement, or “tombstone,” in a major national newspaper and the offer to purchase is printed and mailed to the target company's stockholders.
Should I sell my Manulife shares?
Stockchase rating for Manulife Financial is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
Is Manulife stock a good buy?
Valuation metrics show that Manulife Financial Corp may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of MFC, demonstrate its potential to outperform the market. It currently has a Growth Score of C.
What happens if you don't tender shares?
If you do not tender your shares by the expiration date of the tender offer, your shares will be cashed out at the close of the merger.
What happens to my shares in a buyout?
If the buyout is an all-cash deal, shares of your stock will disappear from your portfolio at some point following the deal's official closing date and be replaced by the cash value of the shares specified in the buyout. If it is an all-stock deal, the shares will be replaced by shares of the company doing the buying.
Do I have to sell my shares in a takeover?
Should I sell my shares? Of course, there's no guarantee everyone will be on board with a takeover and may consider selling their stock. “There are no hard and fast rules here, as you need to understand what the new investment is and whether it suits you and your portfolio,” advised Cox.
Possible scam? Friend received unsolicited stock purchase offer. X-Post ...
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Obatan LLC Review - ScamWatcher
Obatan LLC Review: our Conclusion! Obatan LLC is an unregulated Investment Company to avoid at all cost.If you have been scammed, check out our ChargeBack process here or get a Free Consultation by a team of expert by clicking here.
OBATAN LLC :: Nevada (US) :: OpenCorporates
Free and open company data on Nevada (US) company OBATAN LLC (company number E5759172020-0)
Obatan LLC in Reno, NV | Company Information & Reviews
Obatan LLC is a Nevada Foreign Limited-Liability Company filed On March 30, 2020. The company's filing status is listed as Cancelled and its File Number is E5759172020-0. The Registered Agent on file for this company is Nevada Agency And Transfer Company and is located at 50 West Liberty Street Suite 880, Reno, NV 89501.
Manulife Comments on Obatan LLC Mini-Tender Offer
Manulife has been notified of an unsolicited mini-tender offer made by Obatan LLC (Obatan) to purchase up to 100,000 Manulife common shares.
Manulife Comments on Obatan LLC Mini-Tender Offer | Nasdaq
-Manulife has been notified of an unsolicited mini-tender offer made by Obatan LLC to purchase up to 100,000 Manulife common shares, or approximately 0.005% of the common shares outstanding, at a ...
Where is Manulife located?
With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States.
Does Manulife endorse Obatan?
Manulife does not endorse this unsolicited offer, is in no way associated with Obatan, and makes no recommendation as to whether shareholders should tender their shares in response to the offer. Manulife cautions shareholders that the mini-tender offer has been made at a price below the current market price for Manulife shares.
When can I withdraw my Sun Life shares?
According to Obatan's offer documents, Sun Life shareholders who have already tendered their shares can withdraw their shares at any time before 8:00 P.M. New York City Time on February 2, 2021 by following the procedures described in the offer documents. Shareholders are cautioned that the terms of the Obatan offer may be varied, ...
What is Sun Life?
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, ...
Can Obatan offer be varied?
Shareholders are cautioned that the terms of the Obatan offer may be varied, and the cash consideration offered may be decreased. In such a case, shareholders who have already tendered to the offer may have limited notice of such change and limited time to withdraw their shares from the offer.
Does Sun Life endorse Obatan?
Sun Life is not associated with Obatan and does not recommend or endorse acceptance of this unsolicited offer. Sun Life cautions that Obatan's offer has been made at a price that is significantly lower than recent market prices for Sun Life shares on Canadian and U.S. stock exchanges.
What does a high stock score mean for Manulife?
Stockchase rating for Manulife Financial is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
When will Manulife Financial be in 2021?
Show full opinion Hide full opinion. Manulife Financial (MFC-T) May 26, 2021. The most volatile of Canadian lifecos, because it has the greatest difference between reported earnings and core earnings due to having a ton of both market and interest rate exposure.
What is the symbol for Manulife?
What is Manulife Financial stock symbol? Manulife Financial is a Canadian stock, trading under the symbol MFC-T on the Toronto Stock Exchange (MFC-CT). It is usually referred to as TSX:MFC or MFC-T.
What is the most discounted insurance company in Canada?
Manulife Financial (MFC-T) June 21, 2021. It is the most discounted insurance company in Canada. It is trading at this level because it has been the performance laggard for quite some time.
Where is Manulife located?
With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States.
Is Manulife affiliated with Obatan?
Manulife is in no way associated with Obatan and does not recommend or endorse acceptance of this unsolicited offer. Manulife cautions shareholders that the mini-tender offer has been made at a price below the current market price for Manulife shares.