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SunLife shares

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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?

Comments

  • dunstonh
    dunstonh Posts: 119,649 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    It is a real offer or a scammer?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • jimjames
    jimjames Posts: 18,657 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    How did they get your details? What premium is that to the current price? Normally unsolicited offers are scams
    Remember the saying: if it looks too good to be true it almost certainly is.
  • wmb194
    wmb194 Posts: 4,906 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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.
  • 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
    wmb194 Posts: 4,906 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 13 April 2022 at 12:53PM
    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
    Mothman Posts: 293 Forumite
    Part of the Furniture 100 Posts Name Dropper
    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.

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