BREAKING NEWS

BREAKING NEWS

Markets give Pru takeover thumbs down

Now Reading:

Markets give Pru takeover thumbs down

Text size Aa Aa

The UK’s biggest insurer the Prudential has launched its massive rights offer worth 17 billion euros to finance its purchase of AIG’s Asian operations.

The record-breaking offer, the biggest in the Pru’s history, is controversial as some say it will leave the company without enough reserve capital. Pru shares slipped by over 5 percent on the news.