Content area
Full Text
Genworth Financial Inc.'s top executive remains positive that the insurer's proposed sale to China Oceanwide Holdings Group Co. Ltd. will overcome recent share-price headwinds and regulatory hurdles.
President and CEO Thomas McInerney during a presentation at Genworth's shareholders meeting speculated that the insurer's stock has been trading below the $5.43 deal price because of concerns that the transaction would not make it to the finish line. Shareholders voted to approve the...