Law360, New York (May 05, 2010, 4:26 PM ET) -- British insurer Prudential PLC on Wednesday reportedly delayed the launch of a $21 billion rights issue meant to fund the purchase of American International Group Inc.'s Asian life insurance unit, throwing the approximately $36 billion deal for AIA Group Ltd. into doubt.
Prudential put a hold on the rights offering after Britain's securities regulator, the Financial Services Authority, raised concerns about the capital position of the combined insurer, Reuters reported Wednesday.
Prudential and AIG announced a $35 billion deal for AIA on March 1.
Prudential could...
Prudential Delays $21B Offering Linked To AIA Deal
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