Four Essentials from CTFN This Week

South Carolina’s utility ratepayer advocate is mulling whether it has the finances to conduct an audit by a national accounting firm to see if South Carolina Electric & Gas Company could face bankruptcy if customers were no longer obligated to pay extra on their monthly bills for two abandoned nuclear reactors, a spokesperson for the … Read Morepublic

Genworth/Oceanwide Stalls at State Level

A source close to Delaware’s Department of Insurance told CTFN that nothing additional has been done on the Genworth-China Oceanwide merger review. The source indicated thatfeatured

Genworth/China Oceanwide Have Third Party Provider

During its annual shareholder meeting on December 13, Genworth said it was encouraged by the progress it is making on mitigation measures with a third-party provider designed tofeatured

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

CFIUS in a Time of Change

Highlights from the Committee on Foreign Investment in the United States’ annual report released late last monthfeatured

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


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