On the NYSE, Liberty shares rose 7 cents to close at $42.03 and Sun Life rose 64 cents to close at $20.07. Sun Life Financial spokesman John Vincic also declined to comment. A Liberty Financial spokesman declined to comment. With the acquisition of Keyport Life, Sun Life will gain nearly 300,000 policyholders and more than $17 billion in assets, giving it an even stronger presence in the U.S. life insurance business and owns Boston-based MFS Investment Management, which it said ranks as the No. Liberty Financial will retain its asset management business, including the Stein Roe & Farnham mutual funds, for now, sources said. The deal is part of an auction started by Boston-based Liberty Financial, which first announced plans to sell its operations in November. The transaction was approved by both companies’ boards and is expected to be announced early today, sources said. agreed to acquire Liberty Financial Cos.’ Keyport Life annuity business for about $1.7 billion, expanding its foothold in the U.S. Sun Life Financial Services of Canada Inc.
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