Genworth and Oceanwide Extend Merger AgreementGenworth and Oceanwide Extend Merger Agreement • April 29th, 2019 • Genworth Financial Inc • Life insurance
Richmond, VA (April 29, 2019) — Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co. Ltd (Oceanwide) today announced they have agreed to a 10th waiver and agreement of each party’s right to terminate the previously announced merger agreement. The 10th waiver and agreement extends the previous deadline of April 30, 2019 to June 30, 2019 in consideration of pending regulatory reviews.
TENTH WAIVER AND AGREEMENTTenth Waiver and Agreement • April 29th, 2019 • Genworth Financial Inc • Life insurance
This TENTH WAIVER AND AGREEMENT, dated as of April 29, 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).
