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Cut-price Pru

27 May 2010 By Peter Thal Larsen

The UK insurer wants to renegotiate its $35.5 bln takeover of AIG s Asian unit. Cutting the price to around $30 bln could win over Pru shareholders, while still giving AIG more cash than the alternative of an IPO. If Pru can t secure a better deal, investors should vote it down.

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