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Genworth and Oceanwide File Supplemental Information with Regulators

GENWORTH FINANCIAL (GNW)  More Company Research Source: PR Newswire
Last genworth financial earnings: 7/31 05:10 pm Check Earnings Report
US:NYSE Investor Relations: genworth.com/corporate/investors.html
PDF RICHMOND, Va., Sept. 14, 2018 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co., Ltd. (Oceanwide) today announced they are submitting supplemental information to the regulators who are reviewing their proposed transaction. As previously announced, Genworth and Oceanwide extended their merger agreement to December 1, 2018 to provide additional time for regulatory review of the transaction.  The supplemental filings outline a potential alternative funding structure for the transaction that Oceanwide may implement in the event that international political and economic developments cause potential delays in implementing the original funding structure. The supplemental filings also reference the post-closing capital investment plan the parties previously announced and contain additional details about an enhanced data security program the parties are implementing in connection with the receipt of the clearance of the proposed transaction by the Comm [Read more]

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