British insurance giant Prudential has today said it has no plans for a renewed bid for AIA, the Asian arm of US company American International Group (AIG).
The statement came after media reports today suggested that a fresh takeover deal was in the pipeline.
Chad Tendler, Prudential’s Hong Kong-based spokesperson, told Reuters: “We remain highly committed to [...]
British insurance giant Prudential has abandoned its $35.5 billion (£24.6 billion) takeover of AIA, the Asian arm of US company American International Group (AIG).
Several Prudential shareholders said they would not approve the takeover unless the Pru trimmed between $3 billion and $5 billion from the original price.
Pru attempted to renegotiate the deal and offered a [...]
British insurance giant Prudential has failed to renegotiate the price of its takeover of AIA, the Asian arm of US company American International Group (AIG).
The deal now looks set to collapse after AIA snubbed the lower price tag of $30.375 billion.
It emerged last week that the Pru, which is Britain’s second largest insurer, was renegotiating [...]
It has been reported over the weekend that insurance giant Prudential may call off the deal with AIA, the Asian arm of US company American International Group (AIG), if the price is not right.
It emerged last week that Prudential, which is Britain’s second largest insurer, was renegotiating with AIA after investors were said to be [...]
Prudential, which is Britain’s second largest insurer, is in fresh talks with AIA, the Asian arm of US company American International Group (AIG).
Earlier this week, it was reported that as many as 20% of Pru’s UK investors will vote against the proposed takeover and, as a result, the insurance giant said it is in talks [...]
Prudential, which is Britain’s second largest insurer, has today outlined details of its £14.5 billion ($21 billion) rights issue, which will be used to help fund its acquisition of AIA, the Asian arm of US company American International Group (AIG).
Earlier this month, fears were raised over the acquisition after the Financial Services Authority (FSA) intervened [...]