In an effort to dupe Irish investors, firm makes unsolicited offer to purchase shares at a discount.
Offer to buy shares at a 34.64 per cent discount not recommended by insurer.
Company cautions investors against offer to purchase shares at a steep discount.
The unsolicited offer has been made at prices below the current market prices for the shares.
Manulife is cautioning investors about an unsolicited mini-tender offer to purchase up to 500,000 Manulife common shares
Sun Life says unsolicited mini-tender offer lower than market price.