A chorus of opposition is growing against Prudential Plc’s (PRU.L) bold US$35.5 billion ($50.13 billion) takeover of American International Assurance (AIA), with analysts from Singapore to London flagging risks to the deal just weeks ahead of the critical shareholder vote.
Many analysts have questioned Prudential’s (2378.HK) (PRTL.SI) revenue synergy targets, with some describing them as unrealistic. Last week, a Singapore-based consultant said Prudential and AIA’s agency forces showed similar levels, throwing into doubt the synergies projected by Prudential.