SunLife shares

geobow

Just received an unsolicited offer to buy my shares in Sunlife for £26 
Is this a fair offer?
Or is it possible to sell elsewhere?
If so how?

dunstonh

It is a real offer or a scammer?

jimjames

How did they get your details? What premium is that to the current price? Normally unsolicited offers are scams

wmb194

geobow said:

Just received an unsolicited offer to buy my shares in Sunlife for £26 
Is this a fair offer?
Or is it possible to sell elsewhere?
If so how?

Probably a scam. How were you approached? Can you be more specific about the company and shares you own? Are you sure they aren't defunct? The only "Sunlife" I'm aware of is a Canadian company named Sun Life Financial Inc which trades both in Toronto, CAD69.98 per share, and New York, USD55.36 per share.

geobow

Thanks letter in post from OBATAN LLC regarding cash tender offer for sunlife of Canada and including a 9 page document and while it looks genuine the offer of £26 seams well below the price I've seen on line.
Don't have a stock broker so unsure how else I could sell them.
Any advice much appreciated
Thanks

wmb194

geobow said:

Thanks letter in post from OBATAN LLC regarding cash tender offer for sunlife of Canada and including a 9 page document and while it looks genuine the offer of £26 seams well below the price I've seen on line.
Don't have a stock broker so unsure how else I could sell them.
Any advice much appreciated
Thanks

Mini-tender offers are a thing in the US and I'm guessing Canada. Many are pitched at a low price, though, which - so says Sun Life Financial of Canada - is the case here. You need to work out the numbers based on the exchange rates with the listing in Toronto: c.£55.36 vs the offer you've received of £26 (if it's €30 then it will actually be £25).

I would ignore the offer.

Apparently you can sell them via Link, see below.

Google threw this up:



https://www.sloc.co.uk/en/latest-news/warning-on-obatan-llc-mini-tender-offer-/

Mothman

geobow said:

Don't have a stock broker so unsure how else I could sell them.
Any advice much appreciated
Thanks

You don't need your own stockbroker. I sold my SLOC shares last year using the Link group who handle the shares, was easy to arrange and dealing cost was around £42 at that time.