Warning on Obatan LLC Mini-Tender Offer
Obatan LLC has made unsolicited "mini-tender" offer to certain shareholders to purchase their shares of Sun Life Financial Inc. (SLF).
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.
The new offer to U.K. shareholders was made at a price of £25.00 per share and represents a discount of approximately 34.2% to the closing price share of SLF on the Toronto Stock Exchange on August 30, 2023. Obatan has offered to purchase up to 50,000 common shares of SLF under this offer. Obatan has indicated this offer will expire on December 15, 2023.
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.
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.