Britain’s Prudential (PRU.L) said it would buy AIG’s (AIG.N) Asian life insurance arm for US$35.5 billion ($50 billion), making it the undisputed foreign leader in one of the world’s fastest-growing financial services markets.
The acquisition of AIA will be funded by a rights issue of US$21 billion including costs and fees, the biggest ever acquisition-related cash call, and by a US$5 billion debt issue, Prudential said on Monday, confirming an earlier Reuters report.
An unnamed source close to the Hewlett-Packard acquisition of 3Com tells Reuters that European regulators will OK the deal by the Feb. 12 deadline. HP is looking to buy 3Com for $2.7 billion to bolster its networking portfolio and converged data center offering against rivals such as IBM, Dell, Cisco Systems and Oracle. The EC has no antitrust qualms about the deal, the source says.
– Hewlett-Packard should have no trouble getting approval from European
regulators for its $2.7 billion acquisition of networking equipment maker 3Com,
according to a published report.
Quoting an unnamed source close to the negotiations, a Reuters report Feb.
10 said the European Commission has no…
