Following media reports that Sun Life Financial Inc. is interviewing potential partners for its MFS Investment Management subsidiary, the company issued this comment on Monday:
“Sun Life Financial continually reviews the performance of all of its businesses to deliver and grow shareholder value. The company values MFS as a strategic asset and remains committed to growing the business organically while assessing strategic alternatives. The company has retained investment bankers to advise on strategic alternatives. However, there is no assurance that a transaction will result.
“Management at MFS is working hard to grow MFS, including expanding distribution and research globally, and improving performance and profit margins. MFS is gaining flows on the institutional side both domestically and internationally and has delivered significant margin improvement over the past year.”
Sun Life Financial confirms MFS speculation
Insurance company hires investment banker to search for partner; no assurance a transaction will be the end result
- By: IE Staff
- September 18, 2006 September 18, 2006
- 10:31