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Manulife cautions investors regarding Ocehan LLC offer for shares
Manulife cautions investors regarding Ocehan LLC offer for shares Canada NewsWire C...
About this update from Manulife Financial Corporation
[{"type":"text","content":"\n\n\nManulife cautions investors regarding Ocehan LLC offer for shares\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\nCanada NewsWire\n\n\nC$ unless otherwise stated                                                  TSX/NYSE/PSE: MFC   SEHK: 945\nTORONTO , Dec. 22, 2025 /CNW/ - Manulife has been notified of an unsolicited mini-tender offer made by Ocehan LLC (Ocehan) to purchase up to 50,000 Manulife common shares, or less than 0.003% of the common shares outstanding, at a price of $35.80 per share.\n\n\n\n\n\n\n\nManulife is in no way associated with Ocehan and does not recommend or endorse acceptance of this unsolicited offer.\nManulife cautions shareholders that the mini-tender offer has been made at a price below the current market price for Manulife shares. The offer represents a discount of approximately 24.88% and 24.67%, respectively, below the closing prices of Manulife common shares on the TSX and NYSE on November 19, 2025, the last trading day before the mini-tender offer was commenced, and a discount of 28.29% and 28.16%, respectively, below the closing prices on the TSX and NYSE on December 19, 2025.\nMini-tender offers are designed to seek less than 5% of a company's outstanding shares, avoiding disclosure and procedural requirements applicable to most bids under Canadian and U.S. securities regulations. The Canadian Securities Administrators (CSA) and the U.S. Securities and Exchange Commission (SEC) have expressed serious concerns about mini-tender offers, including the possibility that investors might tender to such offers without understanding the offer price relative to the actual market price of their securities.\nThe SEC states that \"bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price.\"\nShareholders should carefully review the Ocehan offer documents ...