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Thursday, March 28, 2013

Deals of the day -- mergers and acquisitions, (NYSE: GNW), (NYSE: LCC)

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:** A judge on Wednesday approved AMR Corp's plan to merge with US Airways Group, a step toward creating the world's largest airline.** Genworth Financial Inc will sell its wealth management and alternative investment businesses to private equity firms Aquiline Capital Partners and Genstar Capital for about $412.5 million as the insurer looks to raise funds to repay debt.

Genworth Financial, Inc. (Genworth) is a financial security company. Shares of GNW fell by 1.91% or $-0.195/share to $10.00. In the past year, the shares have traded as low as $4.06 and as high as $10.74. On average, 10601900 shares of GNW exchange hands on a given day and today's volume is recorded at 9862079.

US Airways Group, Inc. operates and owns passenger and freight airline carrier. Shares of LCC traded higher by 2.01% or $0.335/share to $16.98. In the past year, the shares have traded as low as $7.41 and as high as $17.43. On average, 8715540 shares of LCC exchange hands on a given day and today's volume is recorded at 7599714.



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