Genworth and China Oceanwide Don’t Renew Merger ‘End Date.’ A Partial IPO for MI Unit?
January 4, 2021
Genworth said the mortgage insurer is “designed to meet its near-term liabilities of approximately $1.0 billion of debt due in 2021. An IPO of U.S. MI will be subject to market conditions as well as the satisfaction of various conditions and approvals.”
The settlement closes five years of ongoing legal matters between the two companies, following Two Harbors' termination of an agreement with Pine River.
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