Dec 19 (Reuters) - Sun Life Financial Inc SLF.TO :
* SUN LIFE FINANCIAL TO ACQUIRE MAJORITY STAKE IN BENTALL GREENOAK
* INTENDS TO MERGE BENTALL KENNEDY WITH GREENOAK REAL ESTATE
* SUN LIFE FINANCIAL -CO WILL ACQUIRE A MAJORITY STAKE IN COMBINED BENTALL KENNEDY AND GREENOAK ENTITY THAT WILL BE NAMED BENTALL GREENOAK
* SAYS SENIOR MANAGEMENT OF BENTALL GREENOAK WILL INCLUDE EXECUTIVES FROM BOTH BENTALL KENNEDY AND GREENOAK
* COMMON SHAREHOLDERS' EQUITY OF SUN LIFE FINANCIAL WILL BE REDUCED BY APPROXIMATELY $730 MILLION WHEN TRANSACTION CLOSES
* SUN LIFE FINANCIAL - WILL PAY GREENOAK SHAREHOLDERS C$195 MILLION IN CASH IN EXCHANGE FOR A 56 PERCENT INTEREST IN THE COMBINED BENTALL GREENOAK ENTITY
* SUN LIFE FINANCIAL - DEAL EXPECTED TO BE ACCRETIVE TO UNDERLYING EARNINGS PER SHARE AND RETURN ON EQUITY IN 2019 BY $0.04 AND 60 BPS, RESPECTIVELY
* TRANSACTION WILL BE FINANCED THROUGH SURPLUS CASH