Canada Life bid promises bonanza

CANADA LIFE shareholders in

However, the bid to buy the company has raised concerns among its 900 Irish workers for their jobs. In 1999, 50,000 Irish shareholders netted a windfall of 150 million in new company shares after it went public.

Since then 20,000 sold their shares, leaving 30,000 registered shareholders in Ireland, who stand to gain roughly 75m more on the basis of the takeover bid by fellow Canadian group, Manulife.