Manulife Financial's U.S. division and New York Life have entered into an agreement under which John Hancock will acquire New York Life's retirement plan services business. In addition, New York Life has agreed to assume, on a reinsurance basis, 60% of certain John Hancock life insurance policies.
Canadian credit rating agency DBRS has agreed to be acquired by private equity firms The Carlyle Group and Warburg Pincus.
Ontario Teachers' Pension Plan has agreed to acquire PODS (Portable On Demand Storage), a provider of container-based moving and storage solutions, from an ownership group led by Arcapita.
Shire is reportedly looking at buying U.S.-based NPS Pharmaceuticals.
Merck has reached a deal to Cubist Pharmaceuticals for US$8.4 billion ($9.7 billion).
London Stock Exchange Group has completed the acquisition of Frank Russell Company from Northwestern Mutual Life.
Dublin-based Actavis has made a friendly offer to acquire Allergan for US$66 billion.
The Competition Bureau has approved Manulife Financial's acquisition of the Canadian-based operations of Standard Life.
Wilton Re, an insurer owned by the Canada Pension Plan Investment Board, has agreed to acquire the majority of Aegon's operations in Canada for $600 million.
AbbVie's board of directors is recommending that its shareholders vote against the deal to buy Shire Pharmaceuticals.