Wednesday, 2 June 2010

USA's AIG's AIA, part III...

... the end!

The deal is history! Pru's shareholders "went on strike"!

Now, as before, AIG could take AIA public; funny enough this would only make $12bn to $15bn the experts say - hopefully, that is.

So... what did I not get here: why did honorable Tidjane Thiam, Pru's boss, want to pay far more than twice as much? A payment of honor... to whom? How much?

See part I and part II, or the Telegraph and the Independent.

Carpe diem.