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Posts Tagged ‘tidjane thiam’

Pru deal near collapse as AIG snubs lower offer: Update 2

Prudential’s (PRU.L) bid for rival AIG’s (AIG.N) Asian unit appeared close to collapse after AIG rejected the British insurer’s lowered offer of US$30.38 billion ($42.6 billion) in cash and shares. 
 
The deal’s unravelling could cast doubt over the future of Prudential Chief Executive Tidjane Thiam less than a year after he took the top job. 

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Prudential Plc, AIG CEOs meet Asia staff; talk AIA future, jobs

Any job losses from Prudential Plc’s (PRU.L) planned US$35.5 billion ($49.7 billion) acquisition of American International Group’s (AIG.N) Asian insurance arm will be mainly in back-office operations and not among sales forces, the companies’ CEOs told staff in Asia, sources said.

Prudential CEO Tidjane Thiam and his AIG counterpart Robert Benmosche are leading a series of ‘town hall’ meetings across Asia that aim to allay concerns among staff of both companies. 

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