“Genworth and China Oceanwide Push Back Deal Completion Deadline,” by Allison Bell,ThinkAdvisor
Quote:
“Genworth Financial and China Oceanwide Holdings Group Co. Ltd. said Thursday that they have postponed the consummation of their deal a 16th time, to Nov. 30. But the companies said China Oceanwide ‘has reached a general agreement with Hony Capital on the key commercial terms and conditions of its $1.8 billion offshore financing plan to complete the acquisition of Genworth.’”
LTC Comment: One more time!
