LONDON (AFX) -- General Electric will sell off its remaining holdings in Genworth Financial , with a plan to sell 71 million Class A shares in an underwritten secondary offer and sell 15 million Class B shares back to Genworth. Merrill Lynch & Co. will be global coordinator and bookrunner for the offer, with Goldman Sachs, J.P. Morgan and Morgan Stanley acting as bookrunners. Genworth closed Friday at $32.64. This story was supplied by MarketWatch. For further information see www.marketwatch.com.
© 2006 AFX News
