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0.0433070866141732 0.0708661417322835 0.062992125984252 -0.196850393700787 -0.153543307086614 -0.173228346456693 -0.188976377952756 -0.187007874015748
Stock impact report

Genworth Announces Merger Agreement Extension to September 30, Steps to Enhance Liquidity

Genworth Financial, Inc (GNW)  More Company Research Source: PR Newswire
Last genworth financial, inc earnings: 10/29 05:10 pm Check Earnings Report
US:NYSE Investor Relations: genworth.com/corporate/investors.html
PDF RICHMOND, Va., June 30, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) announced today that it is moving forward with plans to address its near-term liabilities and financial obligations, and maximize shareholder value while China Oceanwide Holdings Group Co., Ltd. (Oceanwide) finalizes its funding plan for the acquisition of Genworth. Genworth and Oceanwide also announced that they have agreed to a 15th waiver and agreement of each party's right to terminate the previously announced merger agreement. The 15th waiver extends the previous deadline of June 30, 2020 to no later than September 30, 2020.  Given the delay in the closing of the China Oceanwide transaction, Genworth is taking steps to address its near-term liabilities, which include liabilities arising under the pending AXA litigation and approximately $1.0 billion in debt maturing in 2021. Genworth expects these steps to include a debt offering in the near term and taking the necessary steps to launch a 19.9 perce [Read more]
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