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In one of the biggest deals in Canadian M&A history, Toronto’s Manulife Financial Corporation is acquiring Boston-based John Hancock Financial Services, Inc., for more than $11 billion in stock. After the deal is completed, the new company will take the Manulife name, and will be the second-largest insurer in North America after American International Group Inc. Manulife CEO Dominic D’Alessandro has been exploring merger options for a while. Last winter the company made a hostile bid for Canada Life Financial Corporation, only to lose out to Great-West Lifeco Inc. [July 2003]. D’Alessandro found a more willing partner in John Hancock CEO David D’Alessandro (the two executives share the same last name, but are not related). John Hancock already had a presence in Canada through its Halifax, Nova Scotia�based subsidiary, Maritime Life. The Manulife-Hancock combination will have a total market capitalization of $25.6 billion. The deal is expected to close in the second quarter of 2004, pending regulatory and shareholder approval. For acquiror Manulife Financial Corporation (Toronto) In-house: Senior vice president and general counsel Dale Scott, vice president and deputy general counsel Richard Lococo, assistant vice president and counsel David Kerr, assistant vice president and senior counsel William Dawson, vice president and chief legal officer�government relations, U.S. operations James Gallagher, and assistant counsel Vito Ciraco. Simpson Thacher & Bartlett (New York): Corporate: Maripat Alpuche, Charles “Casey” Cogut, Gary Horowitz, and associates Mark Brod, Megan Caughran, Jenny Lee, and Kathryn Sudol. Executive compensation: Alvin Brown and associates Erin Murphy and Andrea Wahlquist. Tax: Audra Lazarus and Steven Todrys. Antitrust: Kevin Arquit and Aimee Goldstein. Insurance: counsel Steven DeLott. Torys (Toronto): Corporate/M&A/Securities: Brian Davis, Krista Hill, James Turner, and associates Ryan Barry and Justin Young. Insurance regulatory: Blair Keefe. Competition: Jay Holsten and associate Jos�e Guibord. Tax: James Welkoff. Richards, Layton and Finger (Wilmington): Donald Bussard, Jesse Finkelstein, and Glenn Kenton. For target John Hancock Financial Services, Inc. (Boston) In-house: Executive vice president and general counsel Wayne Budd, senior vice presidents and deputy general counsel Joanne Acford and Jonathan Chiel, vice presidents and counsel Philip Clarkson, James Marchetti, and Alan Seghezzi, and senior counsel Emanuel Alves, Lynn Dyer, and Scott Lively. Sullivan & Cromwell (New York): M&A: H. Rodgin Cohen, Eric Krautheimer, James Morphy, and associates Indy Flore, Ivan Presant, and Natalie Reeves. Insurance: Andrew Rowen and special counsel Daniel Rabinowitz. Investment Company Act: John O’Brien. Tax: Ronald Creamer and associate Eric Wang. Benefits: Max Schwartz and associates Rebecca Coccaro, Maria Corsaro, and Tiffany Yonker. Antitrust: Yvonne Quinn and associate Joseph Facciponti. Commodities: David Gilberg. Banking: Mark Menting. Broker-dealer regulation: special counsel Peter LaVigne. Stikeman Elliott (Montreal): Corporate: Marc Barbeau, William Braithwaite, Pierre Raymond, and Brian Rose. Tax: Robert Hogan. Competition: Paul Collins. (Braithwaite, Collins, and Rose are in the firm’s Toronto office.) Goodwin Procter (Boston): Corporate/M&A: Stuart Cable, James Matarese, and associates Margaret Carey and Suzanne Lecaroz. Employee benefits and ERISA: Marian Tse. Morris, Nichols, Arsht & Tunnell (Wilmington): Frederick Alexander and Martin Tully.

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