Genworth Financial's Class A Common Stock Priced at $29.50 in GE's Secondary Public Offering

Genworth Financial today announced the pricing of GE's secondary public offering of Genworth's Class A common stock. GE agreed to sell a total of 80 million shares at a price to the public of $29.50 per share. GE also agreed to sell 21 million shares to Citigroup Global Markets Inc., an affiliate of which will issue securities exchangeable for Genworth Class A shares. GE granted over-allotment options to permit the underwriters of the common stock offering to purchase an additional 12 million shares and to permit Citigroup Global Markets Inc. to purchase an additional 3.15 million shares.

Genworth Financial's Class A Common Stock Priced at $29.50 in GE's Secondary Public Offering
Source: PRNewswire