Genworth Financial scraps $2.7bn merger deal with China Oceanwide
US insurance company Genworth Financial said that it has exercised its right to scrap its $2.7 billion merger deal with Chinese investment company China Oceanwide owing to regulatory obstacles. The deal was signed way back in October 2016 under which China Oceanwide was to acquire Genworth Financial for $5.43 per share in cash. However, it […]