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Financials

Prudential, AIG in talks to cut AIA deal size--WSJ

NEW YORK, May 27 (Reuters) - Britain's Prudential Plc PRU.L and American International Group Inc AIG.N are in talks to lower the $35.5 billion price for Prudential's takeover of AIG's Asian unit, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

According to the Journal, they are looking for a price that would be acceptable to the stockholders of both companies.

Prudential’s bid for U.S. rival AIG’s American International Assurance division is on a knife-edge, a Reuters survey indicated on Thursday, as the UK insurer was forced to knock down rumors it had already been scrapped. [ID:MD-11]

Prudential has just over a week to persuade its shareholders, some of whom have been vocal in their opposition, to approve the deal and sign up to a $21 billion rights issue that will fund the acquisition. (Reporting by Michael Erman; editing by Andre Grenon)

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