Companies

Mar 1: Prudential buys AIA for $35bn

March 1 2010: UK insurer Prudential has agreed to buy AIA - AIG's Asian operations - for $35bn in cash and shares. To finance the deal, Prudential will need to raise $20bn through a rights issue. Paul J Davies, insurance correspondent, explains the why they've done the deal, and why the market doesn't seem to like it.