MutualFundWire.com: Mini-Raid on Hancock
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Monday, April 08, 2002

Mini-Raid on Hancock


Toronto-based TRC Capital aimed a min-tender at John Hancock shareholders Friday in an attempt to buy the insurer's shares on the cheap. The offer was for 10 million shares at $37 per share. At the time Hancock shares were changing hands north of $38. Hancock responded to the tender with a press release advising shareholders not to take TRC Capital up on the offer.


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