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Great-West Lifeco Inc (GWO.TO)

GWO.TO on Toronto Stock Exchange

27.15CAD
30 Oct 2020
Change (% chg)

$0.04 (+0.15%)
Prev Close
$27.11
Open
$26.89
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$27.20
Day's Low
$26.73
Volume
681,635
Avg. Vol
812,054
52-wk High
$35.60
52-wk Low
$18.88

Latest Key Developments (Source: Significant Developments)

Great-West Lifeco Announces Pricing Of $1.5 Bln Senior Notes Offering
Tuesday, 15 Sep 2020 

Sept 14 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO ANNOUNCES PRICING OF US$1.5 BILLION SENIOR NOTES OFFERING.PRICED AN OFFERING OF US$400 MILLION OF 1.357% SENIOR NOTES DUE 2027, US$400 MILLION OF 1.776% SENIOR NOTES DUE 2031.PRICED AN OFFERING OF US$700 MILLION AGGREGATE PRINCIPAL AMOUNT OF 3.075% SENIOR NOTES DUE 2051.  Full Article

Great-West Lifeco Subsidiary Empower Retirement Announces Agreement To Acquire Retirement Services Business Of Massmutual
Tuesday, 8 Sep 2020 

Sept 8 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO SUBSIDIARY EMPOWER RETIREMENT ANNOUNCES AGREEMENT TO ACQUIRE RETIREMENT SERVICES BUSINESS OF MASSMUTUAL.GREAT-WEST LIFECO INC - EMPOWER WILL ACQUIRE RETIREMENT SERVICES BUSINESS OF MASSMUTUAL FOR A TOTAL TRANSACTION VALUE OF APPROXIMATELY US$3.35 BILLION.GREAT-WEST LIFECO INC - TRANSACTION INCREASES SYNERGY POTENTIAL OF EMPOWER'S RECENTLY ANNOUNCED ACQUISITION OF PERSONAL CAPITAL.GREAT-WEST LIFECO INC - INTENDS TO FUND TRANSACTION WITH EXISTING CASH, SHORT-TERM DEBT AND APPROXIMATELY US$1.5 BILLION OF NEW LONG- TERM DEBT..GREAT-WEST LIFECO INC - TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO GREAT-WEST LIFECO EARNINGS.GREAT-WEST LIFECO INC - DEAL ACCRETION TO EARNINGS PER SHARE IS EXPECTED TO BE 5% IN 2021 AND 8% IN 2022..GREAT-WEST LIFECO INC - ON A FULLY SYNERGIZED BASIS FOLLOWING INTEGRATION IN 2022, ACCRETION IS EXPECTED TO BE 10%.GREAT-WEST LIFECO - EMPOWER WILL REALIZE SIGNIFICANT COST SYNERGIES THROUGH MIGRATION OF MASSMUTUAL'S RETIREMENT SERVICES BUSINESS.GREAT-WEST LIFECO INC - RUN RATE COST SYNERGIES ARE EXPECTED TO BE US$160 MILLION AT END OF INTEGRATION IN 2022.  Full Article

Great-West Lifeco Announces Issuance Of $250 Million Of Additional Debentures
Tuesday, 14 Jul 2020 

July 13 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO ANNOUNCES ISSUANCE OF $250 MILLION OF ADDITIONAL DEBENTURES.GREAT-WEST LIFECO INC - DEBENTURES REPRESENT A RE-OPENING OF LIFECO'S OUTSTANDING 2.981% DEBENTURES DUE JULY 8, 2050.GREAT-WEST LIFECO - DEBENTURES WILL BE DATED JULY 15, 2020, TO BE ISSUED AT $986.31 FOR EACH $1,000 DEBENTURES, WILL MATURE ON JULY 8, 2050.  Full Article

Great-West Lifeco Announces Debenture Offering
Tuesday, 7 Jul 2020 

July 6 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO ANNOUNCES DEBENTURE OFFERING.GREAT-WEST LIFECO - ENTERED AN AGREEMENT WITH SYNDICATE OF AGENTS FOR SALE ON AN AGENCY BASIS OF $250 MILLION AGGREGATE PRINCIPAL AMOUNT OF DEBENTURES.INTEREST ON THE DEBENTURES AT THE RATE OF 2.981% PER ANNUM.  Full Article

Great-West Lifeco Announces Preliminary Results Of Substantial Issuer Bid
Monday, 15 Apr 2019 

April 15 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO ANNOUNCES PRELIMINARY RESULTS OF SUBSTANTIAL ISSUER BID.GREAT-WEST LIFECO INC - PRELIMINARY RESULTS OF OFFER TO REPURCHASE FOR CANCELLATION UP TO $2.0 BILLION OF ITS COMMON SHARES FROM SHAREHOLDERS FOR CASH.GREAT-WEST LIFECO INC - OFFER EXPIRED AT 11:59 P.M. (EASTERN TIME) ON APRIL 12, 2019..GREAT-WEST LIFECO INC - EXPECTS TO TAKE UP AND PURCHASE FOR CANCELLATION 59.7 MILLION SHARES AT A PURCHASE PRICE OF $33.50 PER SHARE.GREAT-WEST LIFECO INC - POWER FINANCIAL'S OWNERSHIP IN CO IS EXPECTED TO DECREASE FROM ABOUT 67.8% TO ABOUT 66.8% FOLLOWING COMPLETION OF OFFER.GREAT-WEST LIFECO INC - IGM'S INDIRECT OWNERSHIP IN COMPANY IS EXPECTED TO REMAIN AT 4% FOLLOWING COMPLETION OF OFFER.  Full Article

Great-West Lifeco Says Its Canadian Cos Are Moving To One Brand
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO ANNOUNCES ITS CANADIAN COMPANIES ARE MOVING TO ONE BRAND - CANADA LIFE.GREAT-WEST LIFECO - CANADA LIFE WILL BECOME BRAND UNDER WHICH ORGANIZATION WILL DELIVER PRODUCTS AND SERVICES IN CANADA ACROSS ALL LINES OF BUSINESS.GREAT-WEST LIFECO - GREAT-WEST LIFE ASSURANCE CO, LONDON LIFE INSURANCE CO & CANADA LIFE ASSURANCE CO ARE MOVING TO ONE BRAND IN CANADA - CANADA LIFE.GREAT-WEST LIFECO INC - ANNOUNCES PLANS TO AMALGAMATE ITS LEGAL STRUCTURES.  Full Article

Power Financial Announces Intention To Repurchase Up To $1.65 Bln Of Its Common Shares
Monday, 4 Mar 2019 

March 4 (Reuters) - Power Financial Corp ::POWER FINANCIAL ANNOUNCES INTENTION TO REPURCHASE UP TO $1.65 BILLION OF ITS COMMON SHARES THROUGH A SUBSTANTIAL ISSUER BID.POWER FINANCIAL CORP - PFC OFFER WILL PROCEED BY WAY OF A MODIFIED DUTCH AUCTION.POWER FINANCIAL CORP - POWER FINANCIAL EXPECTS ITS OWNERSHIP IN GREAT-WEST WILL BE MARGINALLY REDUCED.  Full Article

Great-West Lifeco Announces Substantial Issuer Bid For Up To $2 Bln Of Its Common Shares
Monday, 4 Mar 2019 

March 4 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO ANNOUNCES SUBSTANTIAL ISSUER BID FOR UP TO $2 BILLION OF ITS COMMON SHARES.GREAT-WEST LIFECO INC - GREAT-WEST LIFECO WILL OFFER TO REPURCHASE FOR CANCELLATION UP TO $2 BILLION OF ITS COMMON SHARES FROM SHAREHOLDERS FOR CASH.GREAT-WEST LIFECO INC - POWER FINANCIAL INTENDS TO SUPPORT COMPANY THROUGH ITS PARTICIPATION IN OFFER BY TENDERING A SIGNIFICANT PORTION OF ITS SHARES.  Full Article

Great-West Lifeco Appoints Edmund Murphy III As President, CEO Of U.S. Unit
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO APPOINTS EDMUND F. MURPHY III AS PRESIDENT AND CEO OF GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY.ROBERT L. REYNOLDS NAMED CHAIR OF GREAT-WEST LIFECO U.S..REYNOLDS WILL REMAIN IN HIS ROLE AS PRESIDENT, CEO OF GREAT-WEST LIFECO'S U.S. ASSET MANAGEMENT BUSINESS, PUTNAM INVESTMENTS.  Full Article

Great-West Lifeco Inc Says May Purchase Up To 20.0 Mln Common Shares
Tuesday, 29 Jan 2019 

Jan 28 (Reuters) - Great-West Lifeco Inc ::GREAT-WEST LIFECO INC SAYS MAY PURCHASE UP TO 20.0 MILLION COMMON SHARES, REPRESENTING ABOUT 2% OF ISSUED AND OUTSTANDING COMMON SHARES.  Full Article

Insurer Great-West's unit to buy MassMutual's retirement business for C$4.4 bln

Sept 8 Empower Retirement, a unit of Canadian insurer Great-West Lifeco Inc, said on Tuesday it would buy the retirement services business of Massachusetts Mutual Life Insurance Company for C$4.4 billion ($3.34 billion).