Genworth gets New York's approval for Oceanwide merger [Seeking Alpha]
Genworth Financial Inc (GNW)
Last genworth financial inc earnings: 10/29 05:10 pm
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Source: Seeking Alpha
Genworth gets New York's approval for Oceanwide mergerThe New York State Department of Financial Servicesapproves the proposed acquisition of New York-domiciled Genworth Life Insurance Co. of New York by China Oceanwide (OTC:HHRBF) in connection with the merger of Oceanwide and Genworth Financial (NYSE:GNW).As part of the approval, Genworth and Oceanwide entered into a letter agreement with the NY DFS, acknowledging certain additional requirements relating to cyber-security and the protection of personally identifiable information.The transaction still need approvals in China, Canada, and by the U.S. Financial Industry Regulatory Authority.The two companies are in talks with relevant regulators regarding the pending applications.Genworth and Oceanwide had previously extended their merger pact to Jan. 31, 2019 to allow extra time for regulatory review of the deal.Previously:More on Genworth Q3: NII declines Q/Q, rises Y/Y (Oct. 30, 2018)Click to subscribe to real-time analytics on GNWN
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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