Linklaters Advises Phoenix Group's £248M Sun Life Bid

By Najiyya Budaly (August 4, 2022, 2:25 PM BST) -- British retirement business Phoenix Group said Thursday that it plans to snap up Sun Life of Canada UK, a closed-book life insurer, for £248 million ($300 million) in cash from Canadian financial services company Sun Life Financial Inc.

Phoenix Group Holdings PLC, which is listed on London's FTSE 100 index, said it will buy Sun Life Assurance Company of Canada (UK) Ltd., which holds books of life insurance that are closed to new customers.

Linklaters LLP is advising Phoenix, with corporate partners Dan Schuster-Woldan and Lorna Tennent leading on the deal.

Shares in Phoenix Group were up 2% on Thursday morning at...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!