Manulife Warns Investors About Ocehan LLC's Share Offer
Manulife Financial Corporation, a leading international financial services provider, has issued a caution to investors regarding an unsolicited mini-tender offer by Ocehan LLC (Ocehan) to purchase up to 50,000 Manulife common shares, which is less than 0.003% of the outstanding shares. The offer price is set at $35.80 per share, significantly lower than the current market price.
Manulife emphasizes that it has no association with Ocehan and does not endorse the offer. The mini-tender offer represents a substantial discount of approximately 24.88% and 24.67% below the closing prices of Manulife common shares on the TSX and NYSE on November 19, 2025, and December 19, 2025, respectively.
Mini-tender offers, designed to seek less than 5% of a company's outstanding shares, bypass the disclosure and procedural requirements under Canadian and U.S. securities regulations. However, the Canadian Securities Administrators (CSA) and the U.S. Securities and Exchange Commission (SEC) have raised concerns about these offers, warning investors to carefully compare the offer price with the actual market price of their securities.
The SEC highlights a common tactic: bidders make mini-tender offers at below-market prices, hoping to catch investors off guard if they don't compare the offer price to the current market price. Manulife advises shareholders to thoroughly review the Ocehan offer documents and the current market price for Manulife shares. They should consult their investment advisors to make informed decisions regarding any offers they receive and to explore all options for their Manulife share investments.
Manulife's stock transfer agents offer shareholder services in Canada, the United States, Hong Kong, and the Philippines. These agents provide information on share account management, direct deposit of dividends, dividend reinvestment, and share purchase plans. For more details, shareholders can contact email protected.
Manulife requests that any distribution of materials related to Ocehan's mini-tender offer for Manulife common shares include a copy of this news release.
Manulife, with its global headquarters in Toronto, Canada, operates as Manulife in Canada, Asia, and Europe, and as John Hancock in the United States. They offer financial advice and insurance to individuals, groups, and businesses. Through Manulife Wealth & Asset Management, they provide global investment, financial advice, and retirement plan services worldwide. As of the end of 2024, Manulife had over 37,000 employees, over 109,000 agents, and thousands of distribution partners, serving over 36 million customers. Manulife trades as 'MFC' on the Toronto, New York, and Philippine stock exchanges and as '945' in Hong Kong.
For additional information, visit manulife.com (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4585156-1&h=100927228&u=https%3A%2F%2Fwww.manulife.com%2Fca%2Fen%2Fabout-us&a=manulife.com).
Media Relations: Fiona McLean, 437-441-7491, email protected
Investor Relations: Derek Theobalds, 416-254-1774, email protected
SOURCE: Manulife Financial Corporation
