Fidelity & Guaranty Life & Anbang: still complicated

Fidelity & Guaranty Life has extended the deadline for its $1.6 billion sale to China’s Anbang Insurance Group, and has negotiated the right to accept other offers. The delay gives Anbang more time to win needed approval for the deal from US state regulators. Recall: Anbang withdrew an application for regulatory approval last year and has not re-applied.