posted
Mar 3, 2010 by News Gatherer
Prudential Plc, financial services company in the UK, was coming to an agreement yesterday to acquire the assets of Great American Life Insurance Group International in Asia around 35.5 billion U.S. dollars, in a gesture that could help restore save taxpayer dollars, people briefed on the matter.
The British company, whose market value was 23.3 billion U.S. dollars on Friday, is expected to sell many new shares to help finance the operation. Under the terms of the transaction provides, Prudential will pay about $ 25 million in cash and approximately $ 10.5 billion in a combination of stock, preferred stock and convertible preferred stock, said the people.
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