“Genworth to Shift to China Oceanwide Deal Backup Plan,” by Allison Bell, ThinkAdvisor 

Quote:

“Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. today said they will shift to using a merger agreement without an end date. Genworth said it will begin executing a plan that serves as an alternative to the company being acquired by China Oceanwide. China Oceanwide has been trying to acquire Genworth since October 2016, in a deal with an estimated value of about $2.7 billion.”

 

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

Better open-ended than never.