John Hancock Parent Said to Consider IPO for Boston Company
David said it’s likely Manulife tried to sell all or part of John Hancock but couldn’t find a buyer willing to pay the right price.
“This is another way of shedding a business unit that they don’t believe adds as much value as they hoped,” said Barbash, who specializes in corporate law. “Probably, it’s not performing the way they had all anticipated.”
- Related Practices