After Years of Waiting for OK, Genworth Ends Buyout by China’s Oceanwide April 7, 2021 By Munsif Vengattil Genworth Financial Inc. has terminated a $2.7 billion buyout agreement with investment firm China Oceanwide Holdings Group Co., the U.S....
Genworth Eyes Partial IPO as $2.7B Deal with China Oceanwide Stalls January 5, 2021 By Andrew G. Simpson Genworth Financial and China Oceanwide Holdings Group Co. can’t seem to put the finishing touches on their agreement for Oceanworth...
China Renews OK of Oceanwide’s Stalled $2.7 Billion Purchase of Genworth December 2, 2020 U.S.-based Genworth Financial Inc. reported that Chinese officials have renewed their approval of China Oceanwide Holdings Group’s acquisition of Genworth’s...
SoftBank’s Maneuvers Reflect Expanded U.S. Scrutiny of Foreign Investors April 12, 2019 By Heather Somerville SoftBank Group Corp. has agreed to give up board seats and access to sensitive information, take a more passive role...
U.S. Treasury Rules Strengthen Oversight of Foreign Investors October 11, 2018 By Saleha Mohsin Foreigners seeking to invest in U.S aircraft and missile manufacturers, semiconductors or two dozen other industries would face heightened scrutiny...
U.S. Allows China’s Oceanwide Purchase of Insurer Genworth June 11, 2018 A U.S. panel that reviews foreign investments for potential national security threats has approved China Oceanwide Holdings Group’s purchase of...
Congress Considers Tightening Oversight of Foreign Investments May 22, 2018 By Diane Bartz A lobbying group representing major foreign companies doing business in the United States including Anheuser Busch Inbev and Siemens said...
China’s Ant Financial May Re-Think Global Ambitions After MoneyGram Deal Fails January 4, 2018 By Selina Wang and Lulu Yilun Chen Ant Financial may have to re-tool its global ambitions after stiff U.S. opposition scuppered what would have been its largest...
Citing National Security, U.S. Kills MoneyGram Sale to China’s Ant Financial January 3, 2018 By Greg Roumeliotis Ant Financial’s plan to acquire U.S. money transfer company MoneyGram International Inc. collapsed on Tuesday after a U.S. government panel...
China Oceanside’s Acquisition of Genworth Again Delayed by U.S. Review November 30, 2017 By David French and Liana B. Baker The closing deadline for China Oceanwide Holdings Group Co.’s proposed purchase of Genworth Financial Inc .has been extended for a...