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The companies expect to complete the transaction in the second or third quarter.
The companies expect to close the transaction in the second quarter.
The companies expect to complete the transaction in the second quarter.
With the review complete, the two companies will now integrate and are expected to finalise the transaction in the second quarter.
It provides protections for both sides and delivers a clear path to close the transaction in the second quarter".
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And as you look at what happened with Smith Barney and Morgan Stanley with that transaction in the fourth quarter, not that much money transacted.
He added, "We remain on track to close the transaction in the fourth quarter of 2009".
We anticipate closing the transaction in the fourth quarter, following F.C.C. approval, and expect to be in full compliance with our credit agreements".
Clearly, the target has to be able to commit to a deal at some point, or else buyers would never be willing to engage in the transaction in the first place.
But it's also useful to consider what was driving the Goldman Sachs transaction in the first place.
Genworth said it expects $240 million in capital to be available for redeployment following the close of the transaction in the fourth quarter.
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