Manulife Warns Shareholders on Ocehan Mini-Tender at 24% Discount
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Toronto – November 06, 2026 -- Manulife has told shareholders that an unsolicited mini-tender offer from Ocehan LLC prices its shares roughly 24% below the market. The bid seeks up to 100,000 common shares, less than 0.006% of shares outstanding, at $47.20 per share.
Manulife states it has no association with Ocehan and does not recommend or endorse acceptance of the offer.
Offer price trails TSX and NYSE closing prices by more than 23%
Against closing prices on October 16, 2026, the last trading day before the offer began, the $47.20 price is a discount of about 24.68% on the TSX and 24.79% on the NYSE. Against November 5, 2026 closing prices, the discount is 23.41% on the TSX and 23.30% on the NYSE.