Manulife Financial Corp. (MFC) announced after the bell Wednesday that it agreed to issue common shares to a syndicate of underwriters for an aggregate price of $2,500,400,000 in a "bought deal" public offering in Canada. The purchase price of the shares under the public offering is $19.00 per share.
Manulife Financial gapped open sharply lower Thursday morning and is now down 1.52 at $17.50. The stock has dropped to a 4-month low and has fallen below its 200-day moving average.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.