Genworth Financial GNW shares are trading lower on Thursday after the company announced an extension of its merger agreement due to an unreached agreement between Oceanwide and Hony Capital.
Genworth Financial is a diversified insurance holding company that provides various mortgage and life insurance products. The company has four main operating business segments: U.S. mortgage insurance; Australia mortgage insurance; U.S. life insurance, and Runoff.
Genworth Financial shares traded down 6.12% to $3.14 on Thursday. The stock has a 52-week high of $4.93 and a 52-week low of $1.87.
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