Friday, November 11, 2005
Genworth and Chase Insurance: Déjà vu all over again?
Two companies whose predecessors almost joined forces more than a decade ago could be united at last if recent speculation pans out.
JPMorgan Chase & Co. has reportedly placed its non-core Chase Insurance life and annuities division on the block at the same time Genworth Financial Inc. officials have demonstrated an interest in pursuing acquisitions. And a recent Merrill Lynch & Co. analyst report characterized Richmond, Va.-based Genworth as a possible buyer of the business, which could fetch between $550 million and $650 million in a sale.
Genworth and Chase Insurance: Déjà vu all over again?
Source: SNL
JPMorgan Chase & Co. has reportedly placed its non-core Chase Insurance life and annuities division on the block at the same time Genworth Financial Inc. officials have demonstrated an interest in pursuing acquisitions. And a recent Merrill Lynch & Co. analyst report characterized Richmond, Va.-based Genworth as a possible buyer of the business, which could fetch between $550 million and $650 million in a sale.
Genworth and Chase Insurance: Déjà vu all over again?
Source: SNL
Permalink posted by armandn @ 7:58 AM 
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