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Stock impact report

Genworth and Oceanwide Provide Update on Proposed Transaction

Genworth Financial Inc (GNW) 
Last genworth financial inc earnings: 10/29 05:10 pm Check Earnings Report
US:NYSE Investor Relations: genworth.com/corporate/investors.html
Company Research Source: PR Newswire
RICHMOND, Va., March 23, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co., Ltd. (Oceanwide) today provided an update on their pending transaction.Genworth and Oceanwide remain committed to the transaction and continue to work towards closing as soon as possible. As announced on March 16, Genworth and Oceanwide submitted supplemental information to the state insurance regulators in New York, Virginia and Delaware, which reflect the conditions that are expected to facilitate a reapproval by New York.Genworth and Oceanwide are in close communication with these three regulators as they review the submitted information. As part of these communications, Oceanwide is working on providing responses to limited requests for additional information as promptly as possible. Given the ongoing challenges due to the coronavirus pandemic, including the remote work policies that have been put into effect for the parties and regulators involved, the submis Show less Read more
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