Genworth Acquisition Delayed Again As China And Canada Review Plan
March 20, 2019 by Richmond Times-Dispatch (VA)
With approvals from government regulators in China and Canada still outstanding, Henrico-County-based Genworth Financial Inc. has again delayed the closing of its planned acquisition by a China-based investment company.
Genworth and China Oceanwide Holdings Group Co. Ltd announced the latest extension of their merger agreement late Thursday afternoon, just one day before the previous deadline expired.
The companies said they now have extended the deadline to complete the merger from March 15 to April 30.
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