Cases
Genworth Financial, Inc. (NYSE: GNW)
Merger
Overview
Overview
- Date:
- 1/27/2017
- Company Name:
- Genworth Financial, Inc.
- Stock Symbol:
- GNW
- Company Name - Buyer:
- China Oceanwide Holdings Group Co., Ltd.
- Class Period:
- FROM 1/23/2017
- Status:
- Closed/Complete
- Merger Announcement Date:
- 10/23/2016
- Court:
- U.S. District Court: Eastern District of Virginia
NEW YORK, January 27, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of all persons or entities who held Genworth Financial, Inc. (NYSE: GNW) securities on January 23, 2017 (the “Class Period”).
On October 23, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which China Oceanwide Holdings Group Co., Ltd. will acquire Genworth Financial, Inc. in a deal worth $2.7 billion. As a result of the merger, Genworth shareholders are only anticipated to receive $5.43 in cash for each share of Neuster common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Genworth securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On October 23, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which China Oceanwide Holdings Group Co., Ltd. will acquire Genworth Financial, Inc. in a deal worth $2.7 billion. As a result of the merger, Genworth shareholders are only anticipated to receive $5.43 in cash for each share of Neuster common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Genworth securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.