prudent-acquisition

Prudent acquisition?

FinanceAsia readers give the thumbs-up to Prudential's record $35.5 billion acquisition of AIA.
The AIA Tower in Hong Kong's North Point district
The AIA Tower in Hong Kong's North Point district

The private sale of American International Group's Asian business is a better option than the blockbuster equity listing that was being planned before Prudential made its $35.5 billion offer last week, according to FinanceAsia readers.

In a poll on our website last week, respondents gave a solid vote of approval to the deal, which will be the biggest insurance-industry tie-up ever and was described by Tidjane Thiam, Prudential's chief executive, as transformational. That could be an understatement.

The Pru is paying one-and-a-half times its pre-announcement market capitalisation to buy AIA Group, transforming the UK-based company in a stroke from an insurer that earns less than half of its profits in Asia...

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