Pfizer Group President Angela Hwang MBA '94 and Cornell University President Martha E. Pollack discussed Hwang's leadership and Pfizer’s journey to help combat COVID-19 at the 2022 Hatfield lecture.
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Genworth Axes $2.7B Merger Deal With China-Based Company
Genworth is walking away from a potential merger with a China-based company.
Richmond Times-Dispatch (VA)
More than four years after it was first announced, Genworth Financial Inc. s plan to sell itself to a China-based investment company is officially dead.
The Henrico County-based insurance giant said Tuesday it has terminated its merger agreement with China Oceanwide Holdings Group Co. Ltd., a Beijing-based company that agreed in October 2016 to buy Genworth for about $2.7 billion, or $5.43 per share in cash.
The deal subsequently got tied up in years of government regulatory reviews in the United States and Canada, forcing Genworth and China Oceanwide to delay the completion of the merger 17 times.
Glass House in the snow. Credit: Lane Coder.
A National Trust for Historic Preservation site on Ponus Ridge that draws architecture enthusiasts and other visitors from around the world is seeking permission from the Planning & Zoning Commission to reopen in a limited way, as per COVID-19 pandemic-related restrictions.
The Glass House in May won P&Z approval to open under similar conditions for a limited period of time, has applied to the Commission for permission to have up to 16 visitors’ cars park at the 49-acre site itself, since the nonprofit organization’s small tour buses wouldn’t allow or social distancing, according to its executive director.