Prudential’s $20bn cash call sparks ECM hopes
The $20bn rights issue for insurer Prudential is on track to become the largest acquisition-related equity offer on record. If completed, it will surpass Fortis’ $19.2bn rights issue to buy ABN Amro in 2007. Equity bankers are already hoping for an onslaught of multi-billion dollar equity deals driven by M&A, but will they come? Read EuroWeek on Friday.
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