UK insurer Prudential Plc is pulling out of its bold $35.5 billion takeover of AIG’s Asian life insurance arm, ending a 3-month battle with shareholders who had argued the deal was over-priced. The widely expected move on Wednesday came after …
American International Group said it would not consider revising the terms of a deal for its Asian life insurance unit with British insurer Prudential Plc, in a move that threatens to derail the industry’s largest ever transaction. Separately, Prudential said …
A chorus of opposition is growing against Prudential Plc’s bold $35.5 billion takeover of American International Assurance (AIA), with analysts from Singapore to London flagging risks to the deal just weeks ahead of the critical shareholder vote. Many analysts have …
The UK’s Prudential Plc is expected to outline divestments of some Asian assets in its upcoming rights offering prospectus in an effort to appease shareholder concerns about its planned AIA acquisition, a source familiar with the process told Reuters on …
National Australia Bank, which has seen its $13 billion takeover bid for AXA Asia Pacific Holdings Ltd blocked by the competition regulator, is preparing to sell some assets to appease the government watchdog, two sources said. NAB, staring at an …
UK insurer Prudential Plc is under no pressure from its shareholders to cut the $35.5 billion price it’s paying for AIG’s Asian life insurance unit, the group’s Asia CEO said. “At the very beginning, we got a lot of questions …
Prudential Plc’s $35.5 billion offer for American International Group Inc.’s Asia business marries the UK insurer’s fast-growth strategy with AIA’s mature business profile — a logical, strategic coupling. The two companies would have an estimated $95 billion in policyholder reserves …
AXA Asia Pacific rejected a $10.3 billion bid from parent AXA SA and Australian rival AMP Ltd on Monday, an initial hurdle for the French insurer’s bold ambitions to expand in Asia. AXA SA, Europe’s second-largest insurer it would raise …
