Prudential drops bid for S.Korean assest managing firm
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A consortium led by British insurer Prudential PLC has dropped its bid for a major South Korean state asset managing company.
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A plan by US banks to calm down rattled credit markets is dropped shortly before it was due to launch.
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HONG KONG-The government here has cancelled the $2.7-billion initial public offering for Link REIT, which would have privatized 180 retail malls and car parks on public housing estates through a quoted REIT.
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South Korea's National Pension Service is interested in buying a majority stake in Korea Exchange Bank (KEB) from Lone Star, but has had no formal talks with the U.S. investment firm, a senior fund executive said.
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ATTEMPTS by mining house Gold Fields attempts to resist rival Harmony&#39;s hostile takeover bid were dealt a major blow yesterday, after a last-minute switch by Sanlam Asset Managers effectively torpedoed its plan to list its international assets in Canada.
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South Korea's prime minister stepped down Wednesday, saying she would think about running for the nation's top job.
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Prudential announced plans for a Â£1bn cash call yesterday, shocking investors and sparking an 8% fall in its share price. As the insurer&#39;s shares fell to 422p, the pressure was heaped on chief executive Jonathan
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U.S. buyout fund Lone Star is close to  terminating its $7.3 billion deal to sell Korea Exchange Bank  (KEB) to Kookmin Bank (060000.KS) because of a prosecutors'  investigation, the Financial Times reported on Wednesday.
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Life insurer Prudential rebuffs a "speculative" takeover approach for its internet bank Egg.
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U.S. buyout fund Lone Star said on Thursday it was ending an agreement to sell Korea Exchange Bank  to Kookmin Bank  in a $7.3 billion deal, which has been subject to a long-running prosecutor probe.
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TORONTO (CP) - A Bay Street investment dealer has dropped out of the battle to refinance Stelco Inc., saying it can&#39;t compete in a sales process that favours the Hamilton steelmaker being taken over by an industry player.
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Prudential Financial Inc.  said on Wednesday that it will shut down its stock research and trading business, in the insurer's latest pullback from a rocky 26-year stay on Wall Street.
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A Treasury-backed plan to stabilize a vital segment of the credit markets has been shelved, the banks involved said yesterday.
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British insurer Prudential Plc  said on Sunday it had rejected an approach for online bank Egg, after the Sunday Times newspaper reported that U.S. bank Citigroup Inc.  was considering a bid for Egg.
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HSBC Holdings is in talks to buy Korea First Bank from controlling shareholder Newbridge Capital, a senior South Korean official says, in a deal reportedly worth up to $3.
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LONDON/AMSTERDAM  - U.S. hedge fund Atticus Capital is urging Barclays  to drop its 65 billion-euro ($87 billion) bid for Dutch bank ABN AMRO  after buying a significant stake in the British bank.
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Olivant Advisers dropped out of the bidding, saying it failed to come up with an offer that would satisfy both it and the government. The move increased the chances for Richard Bransonâs Virgin Group.