The companies have refiled their notice to Committee on Foreign Investment in the U.S. to allow more time for a review of their proposed merger, according to a PR Newswire statement Friday from Richmond, Virginia-based Genworth. Acceptance of the refiling would trigger a new 30-day review period, which can be followed by a 45-day extension, according to the statement. The companies are targeting a completion of the deal by the middle of this year.
Genworth agreed in October to sell itself for about $2.7 billion, or $5.43 a share. The stock has been trading closer to $4 for weeks, on investor doubts about whether the deal will be completed.