China Oceanwide Holdings Group Company Ltd. and Genworth Financial Inc. have announced their eighth deal completion period extension.
The companies announced today that they have pushed the deadline back to March 15, from Jan. 31.
China Oceanwide agreed to acquire Genworth, through a deal with a value of about $2.7 billion, in October 2016.
China Oceanwide is a Beijing-based real estate development and financial services company.
Genworth is a Richmond, Virginia-based company that has been a major player in the U.S. life, annuity and mortgage insurance markets, and a dominant player in the long-term care insurance market.