Rochester, NY 7/9/2009 11:12:54 PM
Stock Market Update - GNW - Genworth Announces Closing of Canadian Initial Public Offering
Genworth Financial Inc.,GNW
Stock Market Update - GNW - Genworth Announces Closing of Canadian Initial Public Offering
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Genworth Financial Inc.,GNW
Last Trade: 5.62
Day's Range: 5.35 - 5.63
52wk Range: 0.70 - 19.99
Volume: 8,621,214
COMPANY "In The News"
Genworth Financial, Inc. (NYSE: GNW - News) today announced the closing of the previously announced initial public offering of 44.7 million common shares of Genworth MI Canada Inc., priced at Cdn$19.00 per share. The offering will generate net proceeds to Genworth Financial of approximately US$635-730 million (net of underwriting commissions, taxes and other items), depending on whether an over-allotment option granted by Genworth to the underwriters is exercised.
COMPANY DETAILS
Genworth Financial, Inc., a financial security company, provides insurance, wealth management, investment, and financial solutions in the United States and internationally. The company operates in three segments: Retirement and Protection, International, and U.S. Mortgage Insurance.
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