Manulife May Be Targeting Lincoln National, Principal Financial for U.S. Acquisition

Manulife Financial Corp. could be the next Canadian financial services company to spend its sky-high loonies on a deal in the U.S., said RBC Dominion Securities Inc. analyst Andre-Philippe Hardy.

Manulife is well positioned to make an acquisition because it has more than C$3-billion in capital available to spend, because of the soaring Canadian dollar, and because a purchase could lead to significant synergies with the insurer’s existing U.S. business, Mr. Hardy said in a note to clients.

Manulife May Be Targeting Lincoln National, Principal Financial for U.S. Acquisition
Source: Seeking Alpha