Genworth MI – sold to Brookfield Business Partners | Value Investing News

Genworth MI – sold to Brookfield Business Partners

  • The winner of the Genworth MI auction (presumably there were multiple interested partners) was Brookfield Business Partners LP (TSX: BBU.UN) at CAD$48.86 per share, for 57% of Genworth MI shares.
  • Brookfield Asset Management owns about 80% of Brookfield Business Partners.
  • Brookfield Business Partners may in the future consider the appropriateness of such an offer after discussion with Genworth Canada’s shareholders and other stakeholders.
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