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Manulife Completes Hancock Acquisition

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NU Online News Service, April 28, 2004, 5:42 p.m. EDT – Manulife Financial Corp., Toronto, has completed its acquisition of John Hancock Financial Inc., Boston.[@@]

Hancock, a company founded in 1862, has stopped trading on the New York Stock Exchange.

Manulife also completed the acquisition of The Maritime Life Assurance Company, Hancock’s subsidiary in Canada.

“We are pleased to welcome John Hancock and Maritime Life customers, distribution partners and employees, as well as former John Hancock shareholders, to the Manulife family,” Manulife President Dominic D’Alessandro says in a statement.