Shareholders Foundation, Inc.

The Acquisition of Genworth Financial Inc Is Under Investigation for Investors

An investigation on behalf of investors of Genworth Financial Inc (NYSE:GNW) in connection with the proposed takeover was announced and NYSE:GNW stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 11/02/2016 -- The takeover of Genworth Financial Inc is under investigation over potential wrongdoing. The investigation was announced on behalf of investors, who currently hold NYSE:GNW concerning whether the takeover of Genworth Financial Inc. by China Oceanwide Holdings Group Co., Ltd for $5.43 per share is unfair.

Investors who purchased shares of Genworth Financial Inc (NYSE:GNW) and currently hold any of those NYSE:GNW shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain officers and directors of Genworth Financial Inc breached their fiduciary duties owed to NYSE:GNW investors in connection with the proposed acquisition.

On October 23, 2016, China Oceanwide Holdings Group Co., Ltd. and Genworth Financial Inc (NYSE:GNW) announced that they have entered into an agreement under which China Oceanwide Holdings Group Co., Ltd has agreed to acquire all of the outstanding shares of Genworth Financial Inc (NYSE:GNW) for a total transaction value of approximately $2.7 billion, or $5.43 per share in cash.

However, the investigation concerns whether the offer is unfair to NYSE:GNW stockholders. More specifically, the investigation concerns whether the Genworth Financial Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Genworth Financial Inc (NYSE:GNW) reached as high as $18.22 per share in May 2014.

On November 1, 2016, NYSE:GNW shares closed at $4.02 per share.

Those who are current investors in Genworth Financial Inc shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com