Meanwhile Great-West Lifeco (OTC:GWLOF), a subsidiary of Power Financial, plans to conduct a substantial issuer bid for up to C$2B of its common shares.
Power Financial plans to participate in the Great-West offer by tendering a significant portion of its Great-West shares; as a result Power Financial expects its Great-West stake to be marginally reduced.
Previously: Great-West Lifeco to sell unit in $1.2B deal (Jan. 24)
Now read: Square rebounds after morning slide »
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