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News and Information Article
RICHMOND, Va., Nov. 18 /-FirstCall/ -- Genworth Financial
(NYSE: GNW) today confirmed its understanding that General Electric Company
(GE) intends to reduce its ownership of Genworth shares from 27 percent to
just below 20 percent by the end of 2005 and to fully divest its ownership of
Genworth by the end of 2006.
This announcement does not constitute an offer to sell or the solicitation
of an offer to buy Genworth shares, nor shall there be any sale of these
shares in any state in which the offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of that
state.
About Genworth Financial
Genworth is a leading insurance holding company, serving the lifestyle
protection, retirement income, investment and mortgage insurance needs of more
than 15 million customers, and has operations in 24 countries, including the
U.S., Canada, Australia, the U.K. and more than a dozen other European
countries. For more information, visit http://www.genworth.com.
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