The Competition Bureau has approved Manulife Financial's acquisition of the Canadian-based operations of Standard Life.
Wilton Re, an insurer owned by the Canada Pension Plan Investment Board, has agreed to acquire the majority of Aegon's operations in Canada for $600 million.
AbbVie's board of directors is recommending that its shareholders vote against the deal to buy Shire Pharmaceuticals.
AbbVie is reconsidering its acquisition of Shire Pharmaceuticals after the United States Treasury Department announced it would crack down on tax inversions.
Alberta Investment Management Corporation, Allianz Capital Partners and Hastings Funds Management have reached an agreement to purchase Porterbrook Rail Finance Ltd., one of the three major rolling-stock leasing companies in the United Kingdom.
The Ontario Teachers' Pension Plan has agreed to acquire Bridon Ltd., a wire rope manufacturer, from Melrose Industries PLC.
BNY Mellon has reached an agreement to acquire Cutwater Asset Management, a fixed income and solutions specialist with about US$23 billion in assets under management from MBIA Inc.
Manulife has completed its previously announced offerings of subscription receipts, raising a total of about $2.26 billion.
Manulife Financial's proposed $4-billion deal to buy Standard Life's Canadian operations will help improve its core lines of business, says one analyst.
Manulife Financial has entered into an agreement to acquire the Canadian-based operations of Standard Life for about $4 billion in cash.