(PUK) Fitch Ratings Cautious on Prudential Plc
Posted on March 04, 2010 at 11:42 AM EST
Following the announcement by Prudential Plc (PUK) to purchase Asian life-insurance unit American International Assurance (AIA) from American International Group Inc. (AIG), Fitch Ratings has become cautious with regard to execution risks that the deal may bring along. The value of the deal, estimated at approximately $35 billion, is greater than the company’s market value, which [...] (PUK) Fitch Ratings Cautious on Prudential Plc
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