Genworth and Oceanwide Extend Merger AgreementGenworth and Oceanwide Extend Merger Agreement • January 30th, 2019 • Genworth Financial Inc • Life insurance
Richmond, VA (January 30, 2019) – Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co., Ltd. (Oceanwide) today announced they have agreed to an eighth waiver and agreement of each party’s right to terminate the previously announced merger agreement. The eighth waiver and agreement extends the previous deadline of January 31, 2019 to March 15, 2019 in consideration of pending regulatory reviews and the upcoming Chinese New Year/Spring Festival holiday, which begins on February 4.
EIGHTH WAIVER AND AGREEMENTEighth Waiver and Agreement • January 30th, 2019 • Genworth Financial Inc • Life insurance
This EIGHTH WAIVER AND AGREEMENT, dated as of January 30, 2019 (this “Waiver”), is by and among Genworth Financial, Inc., a Delaware corporation (the “Company”), Asia Pacific Global Capital Co., Ltd., a limited liability company incorporated in the People’s Republic of China (“Parent”), and Asia Pacific Global Capital USA Corporation, a Delaware corporation (“Merger Sub”) (each of the Company, Parent and Merger Sub, a “Party” and collectively , the “Parties”). Any capitalized term used but not defined herein shall have the meaning ascribed to such term in the Merger Agreement (as defined below).
