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
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/wolf-popper-llp-investigates-buyout-of-genworth-financial-inc-by-china-oceanwide-holdings-group-ltd-300352015.html
SOURCE Wolf Popper LLP
