Genworth refiles federal review of its proposed sale to China’s Oceanwide

Virginia-based life and annuities insurer, Genworth Financial, said Friday that a government review of the company’s proposed $2.7B acquisition by Chinese investment firm Oceanwide, could take up to an additional 75 days, after both firms have withdrawn and refiled their joint voluntary notice to CFIUS (Committee on Foreign Investment in the United States). Recall: just two weeks ago it was formally announced that the much-anticipated merger between Fidelity & Guaranty Life and Anbang fell through. Bottom Line: realistic.