Genworth-China Oceanwide Deal Extended for 15th–and Maybe Last–Time

National Mortgage News, June 30, 2020–Brad Finkelstein (subscription)
Despite having high hopes of getting the deal done by the end of the second quarter, Genworth Financial and China Oceanwide have extended the transaction’s deadline for the 15th time.But for the first time in this long-running saga, Genworth has the ability to unilaterally terminate the agreement if certain conditions aren’t met by Aug. 31.