Prudential faces shareholder unrest over 14bn pounds sterling takeover of US assurer

Article Abstract:

Leading shareholders in Prudential have expressed reservations about plans for a $21 billion takeover of American General. Some institutional investors feel that the offer is too generous.

American General Corp., AGC, Prudential Corporation PLC

RSA to rescue policyholders at Independent Insurance

Article Abstract:

A deal is set to be arranged to transfer three-quarters of policyholders at the collapsed Independent Insurance to Royal & Sun Alliance. Other policyholders and creditors could be forced to wait as long as 12 months to receive payments.

Independent Insurance Group PLC, Royal & Sun Alliance Insurance Group PLC

GRE faces revolt on French deal

Article Abstract:

Some shareholders in Guardian Royal Exchange (GRE) are expressing doubts about whether the company should accept a takeover bid of 3.4 billion pounds sterling from fellow insurer AXA. These shareholders believe that an offer made by Eureko was more attractive. GRE's board and its advisers, Morgan Stanley, feel that it has been a significant achievement to obtain such a large bid for the company, but the stock market does not seem to favour the deal, with GRE's shares being priced at 360p.

Comment:

Shareholders not pleased with takeover bid

United Kingdom, United States, Asset sales & divestitures, Securities Dealers, Investment Banking and Securities Dealing, Acquisitions & mergers, Financial analysis, Security brokers and dealers, Stockholder data, Mergers, acquisitions and divestments, Securities industry, AXA Group, Morgan Stanley Group Inc., Guardian Royal Exchange Assurance PLC