FAIRFIELD, Conn.--(BUSINESS WIRE)--March 24, 2005--GE today announced the pricing of the Genworth secondary public offering.
A total of 80,500,000 shares of Genworth Class A common stock are being sold in the secondary offering at a price to the public of $26.50 per share. The underwriters do not have an over-allotment option.
Concurrently with the closing of the offering, Genworth will repurchase directly from GE approximately 19.4 million shares of Genworth's Class B Common Stock for $500 million.
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ATLANTA--(BUSINESS WIRE)--March 17, 2005--Robert Gleitz has been named General Manager of GE Energy's wind segment, reporting to Mark Little, Vice President-Power Generation for GE Energy.
"Robert brings 20 years of extensive global experience and outstanding execution skills to his new role," said Little. "In his previous position, he was instrumental in driving outstanding financial performance, teamwork and excellence in leading GE initiatives, and success in delivering new products."
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FAIRFIELD, Conn.--(BUSINESS WIRE)--March 7, 2005--GE today announced plans to sell up to 82 million shares of the Class A Common Stock of Genworth Financial, Inc. (Genworth, NYSE: GNW) through a secondary public offering and a sale to Citigroup Global Markets Inc., an affiliate of which intends to conduct a public offering of a security exchangeable for Genworth Class A shares.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 22, 2004--GE today announced the appointment of a new company officer.
George Awad, 44, is Vice President, Global Marketing, GE Consumer Finance, a role he began in April 2000. Awad is charged with driving global growth for the business through strategic marketing and brand initiatives.