Sun Life expects delay closing sale of businesses
Toronto – Sun Life Financial says it expects a delay in closing the $1.35-billion-US sale of its U.S. annuities business and some of it’s U.S. life insurance businesses to Delaware Life Holdings LLC. Sun Life had expected to close the deal before the end of the second quarter, which ends June 30 but said Friday that New York Department of Financial Services has yet to give its approval.
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