Genworth bought by China Oceanwide – Sign $2.7B Acquisition Deal

“Genworth Financial, Inc. GNW recently announced that it has inked a definitive agreement with China Oceanwide Holdings Group Co., Ltd. to be acquired by the latter for $2.7 billion or $5.43 per share in cash. The transaction will be executed via Asia Pacific Global Capital Co. Ltd., one of China Oceanwide’s investment platforms. The deal is expected to culminate by the middle of 2017 upon fulfillment of closing conditions.”

See the full Yahoo article here.

GNW Recently Announced. “Genworth and China Oceanwide Sign $2.7B Acquisition Deal.” Genworth and China Oceanwide Sign $2.7B Acquisition Deal. Yahoo! Finance, 24 Oct. 2016. Web. 27 Oct. 2016.