10:05 AM EST - Great-West Lifeco Inc. : said on Tuesday that it plans to issue a total of $1 billion in common shares to the public and to its controlling shareholder, Power Financial Corp. Great-West said it plans to issue 28.9 million common shares at $20.75 a share, or $600 million in total, in a bought deal with a syndicate of underwriters led by BMO Capital Markets. In addition, Power Financial will buy 19.3 million shares at the same price, totaling $400 million. Great-West Lifeco Inc.
shares T.GWO are trading off $1.76 at $20.54.
