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.
Growth of total purchases tops 66 per cent.