Manulife – Standard Life Acquisition Cleared

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Insurance giant Manulife Financial Corporation’s proposed acquisition of Standard Life PLC’s Canadian assets has been approved by the Competition Bureau.

Canada Antitrust/Competition Law

Wendy Sun

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Insurance giant Manulife Financial Corporation's proposed acquisition of Standard Life PLC's Canadian assets has been approved by the Competition Bureau. Both companies offer group retirement and benefits services and individual wealth products, among other things. Despite this overlap, the Competition Bureau concluded that the transaction is unlikely to substantially lessen or prevent competition because other competitors offer similar products and services.

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Wendy Sun

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Manulife – Standard Life Acquisition Cleared

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