Summary
INSURANCE giant Prudential had tongues wagging again as it advanced 11p to 637p on revived takeover talk.
Speculation has been rife that Britain's biggest insurer Aviva (31/2p easier at 7771/2p), which in March decided not to proceed with a Pounds 17bn merger with the Pru, would try again when its regulatory handcuffs were removed on September 24.See the full content of this document
Extract
Axa Tipped As Suitor for Pru ; Market Report
Maybe, but dealers heard yesterday that Europe's second largest insurance group Axa could be lining up a Pounds 17.57bn or 725p a share cash offer.
Nicolas Moreau, new chief executive of Axa's UK business, apparently wants...See the full content of this document
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