Harvey McGrath, chairman of Prudential, told shareholders yesterday that the UK insurer would keep a close eye on developments at AIA, the Asian businesses of AIG that it tried to buy for $35.5bn.
Mr McGrath was asked several times whether the Pru would consider trying again to buy some or all of AIA as he defended the board’s decision to pursue a takeover before a mixture of angry and supportive shareholders at its annual meeting.
“We will of course watch what happens to AIA,” he said. “We are very interested to see what happens after our transaction was one that was not consummated.
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