Prudential

Robin Geffen, the architect of Pru's AIA downfall, believes the botched deal could be a defining moment in the fight for investor justice.

Prudential plans to terminate its proposed acquisition of AIA after failing to reduce the $35.5bn cost of the deal.

Prudential nemesis Robin Geffen says it is "inconceivable" the insurer can push on with its plan to acquire AIA after failing to lower the price of the deal.

The FTSE continues to fall, weighed down by fears over the global economic recovery and a massive sell-off in BP shares.

(Update) Prudential's proposed deal to acquire AIA appears doomed after AIG refused its revised offer of $30.375bn.

F&C intends to vote against Prudential's proposed acquisition of AIA amid increased investor opposition to the deal.

Prudential has confirmed it is in discussions with AIG over altering the terms of its controversial £24.5bn proposed takeover of AIA.

Institutional shareholders owning up to 15% of Prudential are preparing to write to the chairman telling him they will oppose the insurer's $35bn takeover of AIA.

Government opposition to forced annuitisation ignores the fact people want to buy the products, argues deputy chief executive of Prudential UK Barry O'Dwyer.

Prudential's efforts to persuade shareholders to back its $35.5bn takeover of AIA, the Asian business of AIG, have been dealt a blow after an influential voting adviser to investors told its clients to vote against the deal.