“Genworth reaches deal ‘in principle’ with New York regulator to clear acquisition by China-based company,” by John Reid Blackwell, Richmond Times-Dispatch

 

Quote:

“Henrico County-based insurance giant Genworth Financial Inc. said Monday that it has reached an agreement “in principle” with government insurance regulators in New York that would help the company complete its long-delayed effort to be acquired by a China-based investment company.”

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

Is there no end to the hoops this deal must jump through?