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Employees of Sun Life Financial U.S. in
The transaction is expected to close by the end of Q2 2013 subject to regulatory approvals and customary closing conditions.
Connor added, "Consistent with our Four Pillar strategy unveiled in March, we will continue to invest in both our U.S. employee benefits business, which is already a top 10 player, and in our growing voluntary benefits business. We have made excellent progress in growing both of these businesses in 2012. We will also continue to support growth in MFS, our highly successful investment manager that has a large U.S. presence and over
The transaction will consist primarily of the sale of 100% of the shares of
Morgan Stanley & Co. LLC served as financial advisor to
The information contained in this document is in Canadian dollars unless otherwise noted.