Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Retirement Planning > Social Security

GE May Sell Remaining Stake In Genworth

X
Your article was successfully shared with the contacts you provided.

Genworth Financial Inc. has filed a shelf registration statement with the U.S. Securities and Commission that moves it closer to full independence from its parent, General Electric Company.[@@]

Genworth, Richmond, Va., says it filed the form to help General Electric, Fairfield, Conn., carry out plans to reduce its stake in Genworth over the next 2 years.

General Electric now owns 52% of Genworth’s common stock.

The shelf registration filing will let General Electric sell any or all of the 243.2 million shares of Genworth common stock held by a General Electric affiliate. However, the filing of the shelf registration statement does not obligate General Electric to sell any shares, Genworth says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.