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Genworth unit terminates consent solicitation for certain outstanding notes

Genworth Holdings Inc. is terminating a consent solicitation proposing certain amendments to the indentures governing the company's outstanding notes.

As of the Aug. 9 expiration, the company had not received the consent of holders of at least a majority in aggregate principal amount outstanding of certain series of notes outstanding under the indentures.

Genworth Financial Inc. intends to take "alternative measures" to ensure compliance with the indentures in connection with any potential sale of Genworth Holdings' interest in Genworth MI Canada Inc.