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Manulife Financial Corp. got jilted. The insurance giant in December 2002 offered $4.2 billion to take over Canada Life Financial Corp. and reclaim its title as the biggest insurer north of the border. But there was a problem: Canada Life wasn’t interested. The company’s board of directors rejected the bid and encouraged other suitors to come forward. In February, a white knight emerged: Great-West Lifeco Inc. offered $5.3 billion, and Manulife declined to up its bid. This time the Canada Life board embraced the deal and encouraged shareholders to approve it. In early May, they did, overwhelmingly. Great-West is now Canada’s biggest insurer. Manulife, which lost the top spot after last year’s merger of Sun Life Financial Services of Canada Inc. with Clarica Life Insurance Company, is now the country’s third-largest insurance company. For bidder Manulife Financial Corp. (Toronto) In-house: Senior vice president and general counsel Dale Scott, vice president and deputy general counsel Richard Lococo, assistant vice president and senior counsel Bill Dawson, and associate counsel Vito Ciraco. Torys (Toronto): Corporate: Brian Davis, James Turner, and associates Ryan Barry, David Seville, and Ernest Wheeler. Regulatory: Blair Keefe. Tax: James Welkoff and associate Ronald Nobrega. Competition: R. Jay Holsten. Securities: Andrew Beck. (Beck is in the firm’s New York office.) Debevoise & Plimpton (New York): Securities: Alan Paley and associates Danielle Avery and Cecilia Takayama. Insurance: Nicholas Potter, counsel John Dembeck, and associates Elizabeth Brill and Eric Heller. Tax: Seth Rosen and associate Amy Thomas Ross. For target Canada Life Financial Corp. (Toronto) In-house: Senior vice president and general counsel Andrew Brands, senior counsel Innes Dey, and counsel Valerie Lockerbie. McCarthy T�trault (Toronto): Corporate finance/M&A: Jasprit Gill, Garth Girvan, Graham Gow, David Tennant, David Woollcombe, and associates Robert Hansen and Sean Sorensen. Financial services: John Walker. Competition: Oliver Borgers. LeBoeuf, Lamb, Greene & MacRae (New York): Antitrust: William Primps and counsel Steven Levitsky and Christine Will. Corporate: Alexander Dye and Matthew Ricciardi. Insurance regulatory: Stancil Barton, Cecelia Kempler, and associate Joel Sulkes. Litigation: Cynthia Andreason and Ellen Dunn. Tax: counsel Christopher Schoen. (Kempler, Andreason, and Schoen are in the firm’s Washington, D.C., office; Barton is in Houston.) � Brad Reagan

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