Warning on Obatan LLC Mini-Tender Offer
Obatan LLC has made an unsolicited “mini-tender” offer to certain U.K. shareholders to purchase their shares of Sun Life Financial Inc. (SLF) at a price of £25.00 per Share. This offer represents a discount of approximately 33% based on the closing share price for shares of SLF on the Toronto Stock Exchange and New York Stock Exchange on March 15, 2021. Obatan LLC has offered to purchase up to 50,000 common shares of SLF.
A “mini-tender” offer is an offer to purchase a limited number of shares of a company’s securities at a price that is typically below market price on the date the offer is made.
Sun Life Financial Inc. is not associated with Obatan LLC and does not recommend or endorse this offer. Investors should exercise caution with mini-tender offers.
Shareholders are not required to sell their shares to Obatan LLC.
What should I do if I’ve been contacted by Obatan?
Shareholders are not required to respond to Obatan LLC’s offer. If you do respond, carefully review the Obatan LLC offer documents and consult with your investment advisor to discuss the offer and all options for your investment in Sun Life Financial Inc. shares.
If you’re interested in selling your Sun Life Financial Inc. shares, you have other options. Please visit our stock transfer agent in the United Kingdom, Link Group for more information. You can contact Link Group by email at firstname.lastname@example.org or by phone at +44 (0) 345-602-1587.