Manulife cautions investors regarding Ocehan LLC offer for shares
Manulife (MFC) has issued a warning to investors regarding an unsolicited mini-tender offer from Ocehan to purchase up to 50,000 Manulife common shares (less than 0.003% of outstanding shares) at $34.20 per share. The company emphasizes this offer represents a significant discount of approximately 20% below current market prices on both TSX and NYSE as of February 24, 2025.
The mini-tender offer, designed to acquire less than 5% of company shares, bypasses standard disclosure and procedural requirements under Canadian and U.S. securities regulations. Both the Canadian Securities Administrators (CSA) and U.S. Securities and Exchange Commission (SEC) have expressed concerns about such offers, particularly regarding investors potentially accepting without understanding the below-market pricing.
Manulife (MFC) ha emesso un avviso agli investitori riguardo a un'offerta mini-tender non richiesta da parte di Ocehan per l'acquisto di fino a 50.000 azioni ordinarie di Manulife (meno dello 0,003% delle azioni in circolazione) a $34,20 per azione. L'azienda sottolinea che questa offerta rappresenta uno sconto significativo di circa il 20% rispetto ai prezzi di mercato attuali sia sulla TSX che sulla NYSE al 24 febbraio 2025.
L'offerta mini-tender, progettata per acquisire meno del 5% delle azioni dell'azienda, elude i requisiti standard di divulgazione e procedurali previsti dalle normative canadesi e statunitensi sui titoli. Sia i Canadian Securities Administrators (CSA) che la U.S. Securities and Exchange Commission (SEC) hanno espresso preoccupazioni riguardo a tali offerte, in particolare per quanto riguarda la possibilità che gli investitori accettino senza comprendere il prezzo inferiore al mercato.
Manulife (MFC) ha emitido una advertencia a los inversores sobre una oferta mini-tender no solicitada de Ocehan para comprar hasta 50,000 acciones ordinarias de Manulife (menos del 0.003% de las acciones en circulación) a $34.20 por acción. La empresa enfatiza que esta oferta representa un descuento significativo de aproximadamente el 20% por debajo de los precios de mercado actuales tanto en la TSX como en la NYSE a partir del 24 de febrero de 2025.
La oferta mini-tender, diseñada para adquirir menos del 5% de las acciones de la empresa, elude los requisitos estándar de divulgación y procedimientos bajo las regulaciones de valores canadienses y estadounidenses. Tanto los Canadian Securities Administrators (CSA) como la U.S. Securities and Exchange Commission (SEC) han expresado preocupaciones sobre tales ofertas, especialmente en relación con la posibilidad de que los inversores acepten sin comprender la fijación de precios por debajo del mercado.
Manulife (MFC)는 Ocehan이 50,000주까지의 Manulife 보통주(발행주식의 0.003% 미만)를 주당 $34.20에 구매하겠다는 요청되지 않은 미니 텐더 제안에 대해 투자자들에게 경고했습니다. 회사는 이 제안이 2025년 2월 24일 기준 TSX 및 NYSE의 현재 시장 가격보다 약 20% 낮은 상당한 할인율을 나타낸다고 강조합니다.
5% 미만의 회사 주식을 인수하기 위해 설계된 이 미니 텐더 제안은 캐나다 및 미국 증권 규정에 따른 표준 공시 및 절차 요건을 우회합니다. Canadian Securities Administrators (CSA)와 U.S. Securities and Exchange Commission (SEC) 모두 이러한 제안에 대해 우려를 표명했으며, 특히 투자자들이 시장 가격보다 낮은 가격을 이해하지 못한 채 수용할 가능성에 대해 우려하고 있습니다.
Manulife (MFC) a émis un avertissement aux investisseurs concernant une offre mini-tender non sollicitée de Ocehan pour l'achat de jusqu'à 50 000 actions ordinaires de Manulife (moins de 0,003 % des actions en circulation) à 34,20 $ par action. L'entreprise souligne que cette offre représente une remise significative d'environ 20 % par rapport aux prix du marché actuels sur la TSX et la NYSE au 24 février 2025.
L'offre mini-tender, conçue pour acquérir moins de 5 % des actions de l'entreprise, contourne les exigences standard de divulgation et de procédure en vertu des réglementations sur les valeurs mobilières canadiennes et américaines. À la fois les Canadian Securities Administrators (CSA) et la U.S. Securities and Exchange Commission (SEC) ont exprimé des préoccupations concernant de telles offres, en particulier en ce qui concerne la possibilité que les investisseurs acceptent sans comprendre les prix inférieurs au marché.
Manulife (MFC) hat eine Warnung an Investoren bezüglich eines unaufgeforderten Mini-Tender-Angebots von Ocehan herausgegeben, um bis zu 50.000 Manulife-Stammaktien (weniger als 0,003% der ausstehenden Aktien) zu einem Preis von 34,20 $ pro Aktie zu erwerben. Das Unternehmen betont, dass dieses Angebot einen erheblichen Rabatt von etwa 20% unter den aktuellen Marktpreisen an der TSX und NYSE am 24. Februar 2025 darstellt.
Das Mini-Tender-Angebot, das darauf abzielt, weniger als 5% der Unternehmensaktien zu erwerben, umgeht die standardmäßigen Offenlegungs- und Verfahrensanforderungen gemäß den kanadischen und US-amerikanischen Wertpapiergesetzen. Sowohl die Canadian Securities Administrators (CSA) als auch die U.S. Securities and Exchange Commission (SEC) haben Bedenken hinsichtlich solcher Angebote geäußert, insbesondere in Bezug auf die Möglichkeit, dass Investoren akzeptieren, ohne die unter dem Markt liegenden Preise zu verstehen.
- Company actively protecting shareholder interests by issuing warning about below-market offer
- Unsolicited mini-tender offer at ~20% below market value threatens shareholder value
- Potential risk of uninformed shareholders accepting disadvantageous offer
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945
Manulife is in no way associated with Ocehan and does not recommend or endorse acceptance of this unsolicited offer.
Manulife cautions shareholders that the mini-tender offer has been made at a price below the current market price for Manulife shares. The offer represents a discount of approximately
Mini-tender offers are designed to seek less than
The SEC states that "bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price."
Shareholders should carefully review the Ocehan offer documents and current market price for Manulife shares, and consult their investment advisors regarding any offer they may receive and review with their advisors all options for their investment in Manulife shares.
Manulife has stock transfer agents providing shareholder services in
Manulife requests that a copy of this news release be included in any distribution of materials relating to Ocehan's mini-tender offer for Manulife common shares.
About Manulife
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Fiona McLean
Manulife
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SOURCE Manulife Financial Corporation
FAQ
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