Prudential PLC (PRU.LN) said Tuesday it previously had constructive meetings with shareholders over its coming rights issue but isn't commenting on reports that Capital Group, which has a 12% stake in Prudential, is seeking a break-up of the U.K. insurer.

"We don't comment on market rumors. Our [rights] prospectus will be published on May 5, after which we will begin a new round of shareholder meetings," a Prudential spokesman said.

"We've had constructive meetings with our shareholders. And obviously they will be reading the prospectus with interest," he said.

A Capital Group spokesman declined to comment.

Prudential is buying AIA Group Ltd, the Asian unit of American International Group Inc (AIG) for $35.5 billion.

Prudential will launch a $20 billion rights issue next month to support the acquisition of AIA.

-By Vladimir Guevarra, Dow Jones Newswires. Tel. +44 (0) 2078429486, vladimir.guevarra@dowjones.com
CAI (NYSE:CAI)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more CAI Charts.
CAI (NYSE:CAI)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more CAI Charts.