Feb. 11, 2013, 12:00 PMGenworth (GNW +3.1%) is in talks to sell its wealth management business to two P-E firms, reports Reuters, with sources saying the deal would be valued at $400M-$450M. The business has been on the block since last fall, part of the company plan to raise capital and focus on its core business. | Comment!
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Jun. 13, 2011, 12:04 PMAetna (AET) joins the increasing expansion into senior plans with a deal to buy a Medicare-supplement business from Genworth Financial (GNW +2.4%) for $290M. The unit will add 145,000 members to Aetna's rolls and had about $317M in net earned premium last year. (previously: WellPoint/CareMore) | Comment!
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