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.
The Great-West Life Assurance Company has acquired PlanDirect Insurance Services Inc., which provides health and dental insurance for retired Canadians, for an undisclosed amount.
Great-West Financial has completed its acquisition of the J.P. Morgan Retirement Plan Services large-market recordkeeping business.
Fiera Capital Corp. has acquired Toronto-based investment firm Propel Capital Corp. for a total consideration of up to $12 million.
Gluskin Sheff + Associates Inc. has completed its acquisition of Blair Franklin Asset Management Holdings.
Legg Mason has agreed to acquire Martin Currie, an active international equity specialist based in the United Kingdom.
U.S.-based AbbVie has reached a deal to acquire its European rival, Shire Pharmaceuticals, for about £32 billion ($58.6 billion).
Morneau Shepell has purchased Blue Balloon Health Services, a privately held group of professionals providing pediatric health-centred care in the Greater Toronto Area.
People Corporation—through its wholly owned subsidiary, Bencom Financial Services Group—has purchased the group benefits business of Fairles Benefit Services based in Waterloo, Ont.