BackPrudential HK shares up 4% after AIG snubs offer
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01 Jun 2010, 12:04 PM IST
Prudential HK shares up 4% after AIG snubs offer
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Hong Kong: The Hong Kong-listed shares of UK insurer Prudential rose 4.1% on Tuesday after US insurer AIG announced that it would not accept a revised takeover offer for its Asian life insurance group.
The stock jumped HK$2.5 to HK$64, the highest level since it was listed in Hong Kong on 25 May, reversing a morning loss of 1%.
Prudential, which had wanted to cut the deal’s value to $30.38 billion, said in a statement that it noted AIG’s announcement and was considering its position.
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Published: 01 Jun 2010, 12:04 PM IST
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