Hindenburg Research — an investment research firm that makes money when the price of Genworth Financial Inc. common stock goes down — says regulators will reject efforts by China Oceanwide Holdings Group Co. Ltd. to acquire Genworth.
"This deal would be a disaster for policyholders," the firm says in a blog article.
China Oceanwide is a Beijing-based real estate development company and financial services company that announced plans to acquire Genworth in October 2016.
Genworth executives said Wednesday, during a conference call with securities analysts, that they believe that China Oceanwide has a good shot at getting the approvals needed to complete the acquisition by the end of the year.