By The standards of the wider stock-market it is odd that Prudential's $35 billion bid for AIA, the Asian arm of American International Group (AIG), has become quite so controversial. Shareholders are due to vote on the deal on June 7th and it is expected to be a knife-edge affair. If at least 75% of them approve, the Pru will conduct a $21 billion rights issue that month, with the deal closing later this year. True, that is a lot of new shares to swallow.
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