Genworth Financial Inc. has terminated a $2.7 billion buyout agreement with investment firm China Oceanwide Holdings Group Co., the U.S. insurer said on Tuesday. Originally proposed in October 2016, the merger was stalled for years over concerns about Chinese access …
Genworth Financial and China Oceanwide Holdings Group Co. can’t seem to put the finishing touches on their agreement for Oceanworth to buy Genworth, a $2.7 billion cash deal that was first proposed in October 2016. The parties had originally hoped …
U.S.-based Genworth Financial Inc. reported that Chinese officials have renewed their approval of China Oceanwide Holdings Group’s acquisition of Genworth’s Delaware-domiciled insurer, allowing the deal to proceed to meet other regulatory requirements. The deal was originally proposed in 2016, but …
SoftBank Group Corp. has agreed to give up board seats and access to sensitive information, take a more passive role in startups and make other concessions to get government clearance for its technology deals in the United States. These maneuvers …
Foreigners seeking to invest in U.S aircraft and missile manufacturers, semiconductors or two dozen other industries would face heightened scrutiny by a government committee wielding stronger powers, under rules the Trump administration will issue Wednesday. Investors interested in American developers …
A U.S. panel that reviews foreign investments for potential national security threats has approved China Oceanwide Holdings Group’s purchase of insurer Genworth Financial, the two companies said on Saturday. The United States in recent years has blocked many proposed Chinese …
A lobbying group representing major foreign companies doing business in the United States including Anheuser Busch Inbev and Siemens said on Friday it had dropped its opposition to bills that would tighten oversight of foreign investment. The U.S. Senate and …
Ant Financial may have to re-tool its global ambitions after stiff U.S. opposition scuppered what would have been its largest overseas acquisition. The Chinese financial services giant controlled by Alibaba co-founder Jack Ma abandoned a plan to buy MoneyGram International …
Ant Financial’s plan to acquire U.S. money transfer company MoneyGram International Inc. collapsed on Tuesday after a U.S. government panel rejected it over national security concerns, the most high-profile Chinese deal to be torpedoed under the administration of U.S. President …
The closing deadline for China Oceanwide Holdings Group Co.’s proposed purchase of Genworth Financial Inc .has been extended for a second time, to April 1, to allow them to satisfy a U.S. review on foreign takeovers, they said on Wednesday. …
