Prudential PLC rejects Aviva bid as big insurance battles mount

Article Abstract:

Prudential PLC of the United Kingdom has turned down an unsolicited bid offering of 17 billion Pounds from rival Aviva PLC also of the United Kingodm. The insurance giants are in what could be a long running acquisition battle. Prudential PLC is valued at 17 billion Pounds, a 6.25 percent premium on the insurance companies market value.

---

Aviva cancels $29.51 billion bid for reluctant target Prudential

Article Abstract:

Aviva PLC of the United Kingdom has withdrawn its 17 billion Pounds ($29.51 billion) unsolicited bid for the insurance company Prudential PLC also of the United Kingdom. Prudential PLC would not discuss a deal and Aviva PLC said a hostile bid destroys value in the company.

---

Aegon's sale of its U.S. assets to GE signals trend by insurers

Article Abstract:

Aegon N.V. has sold its commercial financing operations in the U.S. to General Electric Co. The deal signals a major acceleration by European insurance firms' efforts to sell of assets.

United States, Netherlands, Electrical equipment and supplies industry, Electric equipment industry, Commercial finance companies, General Electric Co., GE, AEGON N.V.

Similar abstracts:

• Abstracts: Transnational project teams and networks: making the multinational organization more effective
• Abstracts: Transnational project teams and networks: making the multinational organization more effective. part 2 Strategies for political risk mediation by international firms in transition economies: the case of Bulgaria
• Abstracts: Interpublic Group posts a loss as main ad-agency unit slumps. Finance chief to leave position at Interpublic
• Abstracts: In Iraq, one officer uses cultural skills to fight insurgents. Iraq vote is confirmed as U.S. deaths reach 2,000
• Abstracts: How Russia is going heavy metal: Norilsk's $6.28 billion LionOre bid raises ante in race to scoop up commodities

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.