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Genworth down nearly 5% as Trump 'shuts door' on China deals

Published 01/03/2018, 10:31 AM
© Reuters.  Genworth down nearly 5% as Trump 'shuts door' on China deals
GNW
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  • MoneyGram is lower by 8.6% after it and China's Ant Financial terminated their merger deal in the face of U.S. government opposition.
  • The merits of the deal are irrelevant, says Cowen's Jaret Seiberg. Instead its a "de facto ban" on CFIUS approving and China-related financial deals. "Trump appears to have shut that door."
  • The move is leaving some to question whether the Genworth (GNW -4.6%)/Ocwenwide merger will ever consummate.
  • Source: Bloomberg's Joshua Fineman
  • Now read: Genworth Financial (GNW) Investor Presentation - Slideshow


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