NEW YORK, Oct. 27, 2016 /PRNewswire/ -- On October 23, 2016, Genworth Financial, Inc. (NYSE:
GNW) announced that it is being acquired by a foreign firm, China
Oceanwide Holdings Group, Ltd. for $5.43 in cash per share. According to
Carl Stine, who is a partner at Wolf
Popper LLP, "Considering that Genworth's current management will
continue to lead Genworth as a subsidiary of China Oceanwide, it is
not surprising that Genworth has decided to sell itself at such a
low price."
Wolf Popper is investigating
claims on behalf of investors in Genworth concerning the
transaction. Genworth's shareholders seeking more information
about the transaction or Wolf
Popper's investigation can contact Mr. Stine at (212)
759-4600 or cstine@wolfpopper.com.
Wolf Popper has extensive
experience representing investors in mergers and acquisition
lawsuits and has successfully ensured that investors receive the
maximum compensation. Twelve Wolf Popper attorneys were named
Rising Stars or Super Lawyers in the 2016 Super Lawyers New York
City Metro Edition, including Wolf
Popper partner Carl Stine,
who was included in the Super Lawyers Top 100 List for the
New York City Metro area.
View Wolf Popper attorney biographies at www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com
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SOURCE Wolf Popper LLP