Genworth and China Oceanwide Transaction Update

Genworth and China Oceanwide Holdings Group recently announced that they have not extended a December 31, 2020 “end date” to finalize a proposed merger agreement.  Genworth also held an investors call on January 5, 2021 that addressed, in part, the status of the China Oceanwide Holdings Group merger. While the merger agreement remains in effect, Genworth is shifting its focus toward a contingency plan.

A recording of the call can be accessed here. (Registration required)

About the Author: Jessica E. Loesing

Jessica Loesing is a member of the firm's insurance practice group with experience in the life, disability, long-term care, and property and casualty sectors, as well as the financial services area. Visit Jessica's full bio on the Faegre Drinker website.

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