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U.S. security panel approves Oceanwide purchase of Genworth [Reuters (UK)]

GENWORTH FINANCIAL (GNW)  More Company Research Source: Reuters
Last genworth financial earnings: 7/31 05:10 pm Check Earnings Report
US:NYSE Investor Relations: genworth.com/corporate/investors.html
PDF U.S. security panel approves Oceanwide purchase of Genworth | Reuters Reuters Staff 2 Min Read WASHINGTON (Reuters) - A U.S. panel that reviews foreign investments for potential national security threats has approved China Oceanwide Holdings Group [OWREAC.UL] purchase of insurer Genworth Financial, the two companies said on Saturday. The United States in recent years has blocked many proposed Chinese investments in American companies in an effort to block China from acquiring important technologies, making the approval a rare win. The deal had been stalled over concerns by the Committee on Foreign Investment in the United States (CFIUS) about Chinese access to sensitive U.S. personal data. CFIUS has become increasingly skeptical of high-tech deals involving China in particular and has blocked transactions that would have given it access to sophisticated semiconductors or data of American citizens. CFIUS has gone from virtually unknown several years ago to front-page news this month as [Read more]

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