Manulife cautions investors regarding New York Stock and Bond LLC offer for shares
Portfolio Pulse from
Manulife has issued a caution to investors about an unsolicited mini-tender offer from New York Stock and Bond LLC to purchase a small number of Manulife shares at USD$12.50 per share. Manulife does not endorse this offer.
December 09, 2024 | 9:45 pm
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Manulife has warned investors about an unsolicited mini-tender offer from New York Stock and Bond LLC to buy a small portion of its shares at USD$12.50 each. Manulife does not support this offer.
The offer is for a very small percentage of Manulife's outstanding shares, and the company has explicitly stated it does not endorse the offer. This suggests limited impact on the stock price, but the warning is relevant for investor awareness.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80