John Hancock Parent Said to Consider IPO for Boston Company
David Barbash was quoted in an article on whether John Hancock could regain its independence after being owned by Manulife Financial Corp. for 13 years.
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.”
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