Prudential to buy AIA???

[sweety]

Hi,

Saw this breaking news... Prudential to buy AIA

What are your views? Good or bad?

 

[diymummy]

Omg!!!!

 

[veronica]

No wonder I see some of the AIA agents "resigned" and joined Prudential the last few months.

 

[edy]

I guess there will be lesser competition and choices for consumer but overall it is a big step forward for prudential.

Personally I am existing prudential customer so the impact is not much on me as i don't foresee i would buy any insurance in any near future.

But due to this, US stocks has been moving upward which is good! :wong29:

 

[Phoebii Cheng]

Hopefully it is for the good...cos' my hubby working in AIA

 

[veronica]

I wonder will they be like other industry where when there is an acquistion, some people will be asked to go...

hmmm

 

[matchy]

bigger company mean bigger profit

 

[actan1]

FYI. Latest news is that Prudential is pulling out of the agreement as they are not able to get the funds needed to complete the transaction..