Prudential Plc rose as much as 3.9 percent in London trading, the most in four months, after the Times reported the company’s biggest shareholder is in talks with investors about a possible breakup of the insurer.
Tidjane Thiam kept his job after he tried and failed to buy Prudential Plc when he was strategy director at Aviva Plc . Now that he’s Prudential’s chief executive officer, he can’t afford to fail again.
Prudential Plc ’s attempt to cut the price of its $35.5 billion takeover of American International Group Inc. ’s main Asian unit failed, leaving the biggest purchase in the U.K. insurer’s history on the verge of failure.
Prudential Plc , the British insurer buying American International Group Inc.’s main Asian unit, delayed its $21 billion rights offering until U.K. regulators agree the combined company will have sufficient capital.