Pace of State Approvals Picks Up in Genworth/China Oceanwide Deal

China Oceanwide’s purchase of Genworth Financial for $2.7 billion has faced a number of hurdles, including multiple state insurance department reviews, as well as an in-depth examinationfeatured

Genworth/China Oceanwide Working with Regulators

An attorney who worked on a previous China Oceanwide deal that successfully cleared the Committee on Foreign Investment in the United States told CTFN that the Genworth dealfeatured

Genworth/China Oceanwide Update

Updated at 1:03pm EST – (adds additional comment from VA) – Genworth reported along with its August 1 earnings that the company and China Oceanwide have agreed in principle to extend the deadline for the termination of the parties’ merger agreement to November 30featured

Genworth/Oceanwide State Approval Process Slowed by Paperwork

China Oceanwide’s $2.7 billion acquisition of Richmond, Virginia-based Genworth Financial continues to wait on state insurance regulators who arefeatured

Genworth/Oceanwide Deal Moving Slowly Towards Approvals

State regulatory reviews of China Oceanwide’s $2.7 billion acquisition of Genworth continue, though the reviews have been slowed by the amount of information beingfeatured

Oceanwide Pull and Refile of Genworth CFIUS Application a Timing Issue

The cause of the pull and refile of China Oceanwide’s application for the purchase of Genworth with the Committee on Foreign Investment in the United States is due to timing issues,featured

China Oceanwide Committed to Putting More Money into Genworth

Regulators in New York became favorably disposed to China Oceanwide’s acquisition of Genworth after the buyer committed to significantly increase its financial commitment, accordingfeatured

Genworth-China Oceanwide Deal in Doubt

The likelihood that regulators will approve China Oceanwide Holdings’ $2.7 billion, or $5.43 per share, acquisition of Genworth Financial is slim, several attorneys told CTFN. “I don’t see this deal happening no way and no how,” an insurance regulatory attorney close to Genworth said. “This is evenfeatured

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