UK insurer Prudential has abandoned its plan to buy AIG’s Asian life unit for $35.5 billion, leaving management under fire and the company facing a $659 million bill for failure.
*For more on this story, read the full Reuters article.
Prudential Ends $35.5B Asian Takeover Bid
Want more from the best local business newspaper in the country?
Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!
Would you like to subscribe to Orange County Business Journal?
One-Year for Only $99
- Unlimited access to OCBJ.com
- Daily OCBJ Updates delivered via email each weekday morning
- Journal issues in both print and digital format
- The annual Book of Lists: industry of Orange County's leading companies
- Special Features: OC's Wealthiest, OC 500, Best Places to Work, Charity Event Guide, and many more!
