Delaware Regulator and Fannie Mae and Freddie Mac Approve Proposed Oceanwide Acquisition of Genworth Subsidiaries
Genworth Financial Inc (GNW)
Last genworth financial inc earnings: 10/29 05:10 pm
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Source: PR Newswire
RICHMOND, Va., Dec. 21, 2018 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co., Ltd. (Oceanwide) today announced that the Delaware Department of Insurance has approved the proposed acquisition of control by Oceanwide of Genworth's Delaware-domiciled insurance company, Genworth Life Insurance Company (GLIC), as contemplated under the merger agreement entered into by Genworth and Oceanwide on October 21, 2016. In addition, Fannie Mae and Freddie Mac have approved Oceanwide's control of Genworth Mortgage Insurance Corporation (GMICO), the flagship company of Genworth's U.S. mortgage insurance business. Their approvals include certain conditions, which are subject to confidentiality obligations. The parties anticipate being able to meet these conditions.Approval from regulators in Australia and New Zealand was also recently received for the proposed transaction."We would like to thank the Delaware Department of Insurance, Fannie Mae, Freddie Mac
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GNW
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/11/24 - Form S-3ASR
- 4/8/24 - Form DEFA14A
- GNW's page on the SEC website