Companies & Funds, Deals, Financial Services, Mergers & Acquisitions, Regulation

Companies & Funds, Deals

Four-year deal delay dims the romance of M&A

Unhappily ever after: Insurer Genworth and China Oceanwide are celebrating their fourth year of being engaged. The $2.7 bln deal looks like a film about friends who promise to marry by a certain age if they can’t find a better partner, says @JennHughes13

10/23/2020 5:14:00 AM

Unhappily ever after: Insurer Genworth and China Oceanwide are celebrating their fourth year of being engaged. The $2.7 bln deal looks like a film about friends who promise to marry by a certain age if they can’t find a better partner, says JennHughes13

China Oceanwide’s $2.7 bln takeover of Genworth has been postponed for the 16th time since it was unveiled in October 2016. Blame politics and the pandemic for the wait. Mergers that take this long to consummate make it hard to recall the benefits they were meant to provide.

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Coleen Rooney gets soaked on day out at Blackpool Pleasure Beach with four sonsColeen Rooney took her four sons Kai, 10, Klay, seven, Kit, four, and two-year-old Cass for a fun day out at Blackpool Pleasure Beach, but the weather was not on their side

‘The Old Guard’ Viewed By 78 Million Households in First Four Weeks, Says NetflixNetflix, in its third quarter earnings report Tuesday, touted “The Old Guard” as its most popular title of the summer quarter. According to the streamer, 78 million subscriber household… Boring movie, sucks ass 2 minutes at least 🗣️

Ericsson tops forecast on margin gains and 5G in ChinaTelecoms equipment supplier Ericsson beat quarterly core earnings forecasts on Wednesday, helped by higher margins and China's 5G rollout, and said it was 'more confident' about meeting its 2020 targets.

Scaramucci says Trump tried to 'shake down China' amid bank account revelationsThe New York Times reported Tuesday that President Donald Trump has a previously undisclosed bank account in China, raising concerns about possible conflicts of interest. Once a con, always a con. DebDBrig Chinese banks are controlled by the Chinese government, which means Trump is literally banking with the communist Chinese regime. Second,Trump’s decision 2 hide this account suggests that it’s particularly shady. Bet it gets worse. TrumpChinaBankAccount Scaramuchi said 😂😂😂

Despite tough talk on China, Trump spent years trying to land business projects there, report saysPresident Trump spent a decade pursuing business projects in China, operating an office and maintaining a corporate bank account there, a report says. He’s never going to get any business in China if he keeps calling it the Chinese virus.

More Corporate Bonds Are Rated Triple-A in China Despite Coronavirus PandemicChina’s credit-rating firms are doling out more triple-A bond ratings, a trend that has continued this year in spite of the coronavirus pandemic and greater borrowing by companies in the world’s second-largest economy.