Pru shareholders want second meeting - papers 23rd March

Meanwhile, according to the paper, an investor yesterday for the first time put its name to comments supporting the proposed all-share deal. Philip Graves, of Britannic Asset Management, which holds less than 1% of each company, told The Times: “It’s generally accepted the strategic logic is quite sensible. What’s harder to judge is at what price and who’d be the eventual winner.” However, analysts from Merrill Lynch said there was a “significant probability” the merger would fail. The bank told the paper: “We doubt Aviva will be able to justify a high enough bid to gain the acceptance o...