Genworth Financial Inc. Terminates Merger Agreement with China Oceanwide
On April 6, 2021 Genworth Financial Inc. (GNW) exercised its right to terminate its merger agreement with China Oceanwide Holdings Group Co. Ltd. (CO). This ends a nearly 4½ year process, characterized by 17 extensions, the receipt of numerous regulatory approvals in the U.S., and the sale of GNW’s ownership interest in its Canadian mortgage insurance business.