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Pru takeover of AIG gets back on track
PRUDENTIAL's desired $35.5 billion (£24.1bn) takeover of AIG Asia could get back on track as early as this morning with the issue of its long-awaited 1,000 page prospectus involving a near-£14bn share issue.
Pru advisors worked over the weekend to hammer out a deal with the Financial Services Authority after the FSA delayed the publication of the prospectus a fortnight ago amid capital strength concerns.
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Weather for Edinburgh
Friday 25 May 2012
Today
Sunny
Temperature: 10 C to 21 C
Wind Speed: 14 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 9 C to 20 C
Wind Speed: 15 mph
Wind direction: North east
