Manulife and Hancock bought for $10.4 billion\nBOSTON -- A pair of D'Alessandros -- CEOs Dominic and David -- brought Canada's Manulife Financial Corp. and John Hancock Financial Services together and now turn their attention to making the $10.4 billion deal work.\nThe two executives, who are not related, had eyed each other's companies for years and even talked seriously about merging two or three years ago, they said Monday.\nBut Hancock, best known for its life insurance policies and the skyscrapers in Boston and Chicago that bear its name, turned to other suitors in its long-running search for either an acquirer or an acquisition that could transform it into a top-tier financial services company.
Air France to acquire Dutch airline KLM\nPARIS -- Air France's board approved plans Monday to acquire Dutch airline KLM, a board member said. The union would create one of the world's largest aviation partnerships.\nUnder the terms of the deal, Air France and KLM, Europe's second- and fourth-largest carriers, would unite under the same corporate umbrella. However, the transaction stops short of a full-fledged merger, bowing to concerns raised by Dutch authorities about the future of Amsterdam's Schipol Airport.
