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PRU SEEKS TO SLASH $35BN AIA PRICE TAG

Prudential is trying to renegotiate the $35.5bn price tag on the Asian businesses of AIG in a last-ditch attempt to win over some of its biggest investors and head off a “no” vote on its planned takeover of AIA.

The UK life assurer has sounded out investors opposed to the deal about whether a cut price would win their favour.

It now hopes to reduce the price to as low as $30bn, according to people familiar with the situation.

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