Genworth Merger Gets New Extension
December 14, 2017 by News & Advance
RICHMOND – The deadline for a Chinese company’s proposed acquisition of Henrico County-based Genworth Financial Inc. has been extended yet again – this time to April 1 as the companies continue to seek regulatory clearance for the deal.
Genworth, a seller of mortgage and long-term care insurance, announced late Wednesday it has reached an agreement with the acquiring company, China Oceanwide Holdings Group Co. Ltd., to extend the deadline from the previous date of Nov. 30.
The extension, Genworth said, “allows additional time for regulatory reviews of the transaction.”