The company said the company has hired investment bankers but that "there is no assurance that a transaction will result." Nonetheless, speculation continues that MFS is up for sale.
Meanwhile, there have been reports that
Four months ago, Morgan Stanley Analyst Ken Zerbe issued a report looking at Sun Life's various options for MFS. He concluded that the company did not have the scale to generate industry-average margins. "The most likely option," Zerbe wrote, "is that the management will sell a majority ownership position to another asset management firm," retaining a stake of between 20% and 30%.