A rating firm evaluated their response.
The total transaction value is C$4.45 billion.
Irish Life, Lifeco’s subsidiary, will add scale to its retail division through its acquisition of Ark Life.
Holding company recently summed up painted a portrait.
The reinsurer is covering liabilities on a portfolio of whole of life insurance policies.
One insurer underwhelms the rating agency.
The unsolicited offer has been made at prices below the current market prices for the shares.