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Guggenheim In Lead For $1 Billion Sun Life Financial Inc Unit-Reuters

Thursday, 15 Nov 2012 10:44am EST 

Reuters reported that U.S. institutional asset manager Guggenheim Partners has emerged as the lead bidder for Sun Life Financial Inc's variable annuity business, in a deal that could fetch more than $1 billion, according to people familiar with the matter. Guggenheim Partners has outbid at least two other parties - British financial services firm Resolution Group and U.S. private equity firm JC Flowers - in the auction for the Sun Life unit.