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Sun Life, a prominent player in the Insurance industry, has been a steady performer with a history of raising its dividend for 8 consecutive years, and maintaining dividend payments for 24 consecutive years, according to InvestingPro Tips. The company’s stock trades with low price volatility, making it a stable choice for investors.
Alongside its independent operations, Dialogue continues to provide its quality healthcare services globally and has been integrated into Sun Life’s Lumino Health Virtual Care platform. As part of the acquisition, an early warning report will be filed.
The transaction was finalized under the “Canada Business Corporations Act” with a “Plan of Arrangement” offering “$5.15 per Share in cash”. This arrangement resulted in the transfer of shares, excluding certain exceptions. Shareholders are required to submit documents, including “Direct Registration System (DRS) Advice(s)”, to Computershare Investor Services Inc. The details of this arrangement were provided in the management proxy circular on August 17, 2023, available on SEDAR.
Dialogue Health Technologies Inc., which holds the “Accreditation Canada Primer award”, is projected to be delisted from the Toronto Stock Exchange following this acquisition by Sun Life Financial Inc . Dialogue, with a market cap of $278.55 million, has been experiencing a large price uptick over the last six months and holds more cash than debt on its balance sheet, as per InvestingPro Tips.
For more insights like these, visit InvestingPro which provides real-time metrics and additional tips for various companies.
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