May 28: Desperate moves in Pru/AIA saga

Prudential is trying to renegotiate the $35.5bn price tag on the Asian businesses of AIG, in a last-ditch attempt to win over some of its biggest investors and head off a “no” vote on its planned takeover of AIA. Paul J Davies, insurance correspondent, explains how high the stakes are for the Pru and AIG, and the likelihood a deal will happen.