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Genworth files for mortgage insurance biz IPO
Genworth Mortgage Holdings Inc. subsidiary may go public by mid-summer
Henrico County-based Fortune 500 insurer Genworth Financial Inc. filed paperwork with the U.S. Securities and Exchange Commission Monday for a proposed initial public offering of the company’s mortgage insurance business.
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Genworth kills long-delayed $2.7B acquisition
Acquisition by China's Oceanwide Holdings Group had been pending since 2016
Published
Henrico County-based Fortune 500 insurer Genworth Financial Inc. announced Tuesday that it has formally terminated its long-delayed $2.7 billion acquisition by China-based Oceanwide Holdings Group Co. Ltd. The news follows
Genworth notifies employees of job cuts
Eliminations come at heels of frozen acquisition by Oceanwide
Published
Henrico County-based Genworth Financial Inc. has notified some employees of job cuts, a company spokesperson confirmed Wednesday. The job cuts come on the heels of the company’s Jan. 4 announcement
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$2.7B Genworth acquisition is on hold
Deal is frozen; Genworth looks to possible IPO of mortgage insurance business
Published
UPDATED JAN. 5 Henrico County-based Genworth Financial Inc.’s planned $2.7 billion acquisition by China-based Oceanwide Holdings Group Co. Ltd. has been frozen. In late November, the companies announced that Oceanwide’s
Long-delayed Genworth acquisition postponed again
Acquisition by China-based Oceanwide Holdings Group delayed until Dec. 31
Published
Henrico-based Genworth Financial Inc. and China-based Oceanwide Holdings Group Co. Ltd. announced on Monday that Oceanside’s long-delayed $2.7 billion acquisition of Genworth has been reapproved by China’s National Development and
Genworth’s $2.7B acquisition by Chinese company faces new hurdle
Oceanwide Holdings reaches capital agreement, but not all terms, conditions met
Published
Henrico County-based Genworth Financial Inc. announced Thursday that China-based Oceanwide Holdings Group Co. Ltd. has reached an agreement with Hony Capital on the commercial terms and conditions of its $1.8
Genworth to move forward on $2.7B acquisition by Chinese company
Companies look to close transaction by Sept. 30
Published
Henrico County-based Genworth Financial Inc. announced Monday that it does not intend to exercise its right to terminate the $2.7 billion merger agreement with China-based Oceanwide Holdings Group Co. Ltd.
Genworth Financial acquisition delayed again
Newest agreement extends transaction through Sept. 30
Published
The $2.7 billion acquisition of Henrico County-based Genworth Financial Inc. by China-based Oceanwide Holdings Group Co. Ltd. has been postponed — yet again — the companies announced Tuesday. The Virginia
Genworth Financial acquisition delayed again
Deal to acquire Fortune 500 insurance holding company extended to June 30.
Published
The long-delayed $2.7 billion acquisition of Henrico County-based Genworth Financial Inc. by China Oceanwide Holdings Group Co. Ltd. has been postponed again. The Virginia State Corporation Commission’s Bureau of Insurance
Genworth Financial moves closer to acquisition
Long-delayed takeover of Fortune 500 insurance holding company clears another hurdle
Published
Henrico County-based Genworth Financial Inc. has cleared another regulatory hurdle in its long-delayed takeover bid by China Oceanwide Holdings Group Co. Ltd. On Tuesday, the New York State Department of Financial