Deals
Sun Life Said in Talks to Buy Assurant’s Employee-Benefits Arm
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Sun Life Financial Inc. is in talks to buy Assurant Inc.’s employee-benefits unit, people with knowledge of the matter said.
A deal valuing the unit at as much as $900 million could be announced within two weeks, said the people, who asked not to be identified because the matter is private. A sale hasn’t been finalized and the talks could still fall apart, they said.