Prudential shares rise on Chinese takeover report

first_img Tags: NULL Separately, a source said AIA’s initial public offering could be priced as low as to value the company at $27bn (£18bn), significantly below Prudential’s second offer of $30bn. KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Monday 13 September 2010 8:47 pm Prudential shares rise on Chinese takeover report PRUDENTIAL’S shares soared three per cent to 618p yesterday amid suggestions of a bid for the FTSE 100 insurer from a Chinese consortium.Traders piled into Prudential stock after a report said investors, including Go Guangchang, chairman of China’s Fosun International and former Goldman Sachs boss Fred Hu, were at the early stages of putting together a takeover approach. Their plan would be to keep Prudential’s flagship Asian business and offload the UK to a buyer such as Resolution founder Clive Cowdery.But Barrie Cornes, an analyst at Panmure Gordon, said: “It’s unlikely in the short-to-medium term that there would be a break-up of the Pru. It’s more likely these investors would be looking to take a stake if they think the shares are cheap.”Another analyst said the news may have been leaked in an attempt to drive down the flotation price of AIA, which several Far Eastern funds are understood to be keen to support as cornerstone investors. Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To whatsapp whatsapp Show Comments ▼last_img

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