Summary
BAILED-out American insurance giant AIG is expected to turn the tables on the Prudential and launch a bid for some or all of the UK insurer following an IPO of its Asian business, analysts have said.
Mark Tucker, the former chief executive of Prudential, has been recruited by AIG to run AIA, sparking expectation that the group will move to acquire Pru's own Asian business. Last month, Tucker's successor at Prudential's, Tidjane Thiam, failed to win investor support of its dollars 35.5 billion (GBP23bn) bid for AIA after the American group refused to sell for a lower price.See the full content of this document
Extract
Aig Set to Launch Prudential Bid
Tucker, who was chief executive Prudential for fou...
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