Manulife cautions investors regarding Ocehan LLC offer for shares
Manulife disclosed an unsolicited mini-tender offer by Ocehan LLC to purchase up to 100,000 MFC shares — under 0.006% of shares outstanding — at $47.20 per share. The offer price sits roughly 23-25% below Manulife's recent TSX and NYSE closing prices, and Manulife does not recommend or endorse acceptance.
Key figures
- Shares targeted
- 100000
- Offer price per share
- $47.20
- Discount vs nov5 close tsx
- 23.41%
- Discount vs nov5 close nyse
- 23.30%
- Discount vs oct16 close tsx
- 24.68%
- Discount vs oct16 close nyse
- 24.79%
- Percent of shares outstanding
- less than 0.006%
AI analysis
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