Brookfield buying Genworth

One possibility that stands out from the crowd is people covering shorts.

With it being a mortgage insurance/financial company, a ton of bearish sentiment towards the industry and the stock.

This amplifies even further the risk of short selling stocks as well.

I sold my shares but out of curiosity, who would be buying? I saw a lot of bids to buy.. would it be Brookfield or people who want to get paid out in cash?

You could hold the shares. I just don't see too much value in holding them right now.

Typically people hold on to the shares in hopes that another company comes along and bids higher, jumping the price even more. But Brookfield Business Partners already owned 57% of the company, so I can't see any other company coming in and boosting the offer. Because Brookfield is the majority shareholder, they can essentially vote in favor of their own deal.

It COULD happen, but it would be a very weird situation, and I'd put the chances of that at near 0.

Then, there is the chance if you hold your shares you COULD receive less if the deal becomes shaky or falls through. Look no further than the Cineplex/Cineworld fiasco.

Hey there. If the transaction is approved (which I can't see it not being approved) you'll simply be paid out in cash.

So, you can sell your shares right now if you'd like, or wait for the buyout.