Market questions Prudential's prudence
Prudential, the UK's second biggest insurer, has faced criticism from shareholders and the financial ...
Prudential, the UK's second biggest insurer, has faced criticism from shareholders and the financial markets after unveiling plans for a £14bn takeover of American General.Shares in Prudential fell by 14% to 772p as investors expressed their concern that the company had offered almost half its equity in the combined group to secure American General when US economic growth is slowing.
The acquisition makes Prudential the world's sixth largest insurance company, worth £30.8bn. It puts
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