Posted AT 3:56 PM EST on 19/11/09
Manulife share sale faces headwinds
Investment banks are running into headwinds as they attempt to sell $2.5-billion of equity in Manulife Financial, with roughly a quarter of the offering reportedly still unsold at lunch hour on Thursday. Manulife launched its second large stock sale in less than a year into a weak market, as the S&P/TSX benchmark is down.
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