Genworth needs Delaware regulators’ blessing, analysts say

October 25, 2016 by Allison Bell

Genworth Financial’s ability to chart its own course may depend on its ability to persuade insurance regulators in Delaware to approve an acquisition offer from China Oceanwide Holdings Group Co. Ltd.

Securities analysts asked about Delaware insurance regulators several times today during a conference call Genworth held to discuss the offer.

China Oceanwide, a Beijing-based real estate and financial services formed organized in 1985 by Lu Zhiqiang, has offered to pay Genworth’s shareholders $5.43 per share for their Genworth stock.

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Originally Posted at LifeHealthPro on October 24, 2016 by Allison Bell.