Prudential's hopes for Asia wrecked - Telegraph

Prudential's plans to become Asia's biggest insurer are in tatters after talks to cut the agreed $35.5bn (£24.2bn) price-tag of
AIA collapsed amid speculation that its owner, AIG, was instead pursuing a deal with sovereign wealth funds.

The sudden implosion of the deal early on Tuesday has converted the British insurer into a bid target itself and left its chief executive Tidjane Thiam vulnerable.

Investors who have been highly critical of the deal said the positions of all the management, including chairman Harvey McGrath, now had to be reviewed.