“Canada Throws China Oceanwide-Genworth Deal a Lifeline,” by Allison Bell, ThinkAdvisor

 

Quote:

“Canadian regulators have made a decision that could increase the odds that Genworth Financial Inc. will be able to sell itself to China Oceanwide Holdings Group Co. Ltd. — or that Genworth will have the cash to survive on its own if the China Oceanwide deal falls through.”

 

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Frustratingly slow, but progress nonetheless.