Oceanwide, Genworth discuss deal extension

New York-listed life insurer Genworth is in talks with agreed
bidder China Oceanwide about extending their $2.7bn takeover deal
amid a new delay at the Committee on Foreign Investment in the
United States (Cfius).
The companies said yesterday they had for the second time
withdrawn and refiled their merger notice with the regulator and
are in talks about extending the ultimate 31 August deadline
stipulated in their October agreement.
Genworth president and CEO Tom McInerney said: "The
Genworth bo