Genworth Financial Inc. has set March 7 as the date for a special shareholders meeting to vote on the company’s proposed acquisition by China Oceanwide.
Genworth, a Henrico County-based insurance company with thousands of employees in Virginia, announced in October that it had agreed to be acquired by the China-based investment company for about $2.7 billion.
Under the terms of the deal, Genworth shareholders will receive $5.43 in cash for each share of Genworth’s Class A common stock they hold.
