After nearly a month of negotiations, Sun Life & Provincial Holdings says that no progress had been reached on buyout terms with its majority shareholder, AXA.
Following the acquisition of Guardian Royal Exchange, AXA’s share in SLPH was reduced to 56.3 percent, and the share price has fallen. AXA expressed interest last March in acquiring the remaining shares, but the price and the terms were to be negotiated between AXA and the independent Directors of SLPH.
These talks are apparently at an impasse for the time being. AXA has indicated that it will make a new proposal soon.
Topics AXA XL
Was this article valuable?
Here are more articles you may enjoy.
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Toilet Paper Warehouse in California Destroyed by Fire; Employee Arrested 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Viewpoint: Japan’s $550B Bet on America鈥擶hat it Means for the US Insurance Market 
