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Manulife Financial Corporation

Company Summary

Description

Manulife Financial Corporation is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario, Canada. The company operates in Canada and Asia as "Manulife" and in the United States primarily through its John Hancock Financial division.

Website

https://www.manulife.com/

Operational Regions

  • Canada
  • International

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Company Transactions

Date: 1/4/2021
Type: Acquisition

BUYERS:
  • Whitecap Resources
    • SELLERS:
  • NAL Resources Limited
  • Manulife Financial Corporation
    • DETAILS:

    COST: 155 $MM

    VOLUMES: 27 MBOE/d

    NOTES:
    Whitecap Resources has entered into a $155 million all-stock transaction to combine with privately owned NAL Resources Limited, a subsidiary of Manulife Financial Corporation. Whitecap will issue Manulife 58.3 million common shares in exchange for all NAL shares, with closing targeted on January 4, 2021.
    REGIONS:
  • Western Canadian Sedimentary Basin