Prudential bid for AIG's Asian arm sends shares tumbling

Prudential’s £23.5bn (€26bn) swoop for the Asian arm of stricken US insurer AIG sent shares in the firm slumping 12% today.

Prudential bid for AIG's Asian arm sends shares tumbling
Mon, 01 Mar, 2010 - 15:44

Prudential’s £23.5bn (€26bn) swoop for the Asian arm of stricken US insurer AIG sent shares in the firm slumping 12% today.

Commentators called the deal “audacious”, but worries over the risks of the mega-deal and the dilutive impact on shareholders of the UK’s biggest ever rights issue sent shares down 68.5p to 534p.

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