in a recent blog post here on richyrocks english, we saw info about british insurance company prudential working to revamp a deal to take over aia, the asian arm of failed aig, the american insurance company currently 80% owned by the u.s. government. today’s headlines show the revamp didn’t happen:
Prudential withdraws from AIG Asia deal
the original pricetag for the transaction was $35.5 billion, which prudential wanted to lower to $30.4 billion, but aig rejected. prudential’s ceo tidjane thiam said this:
tidjane thiam
“We entered into this potential transaction from a position of strength in Asia and we view the region as offering excellent growth opportunities for Prudential. We agreed with shareholders that a renegotiation of the terms was necessary given market movements but it has not proved possible to reach agreement.”
withdraw means to leave or to remove themselves. it is also the primary function a consumer does at an atm: take out money.
shareholders (or stockholders) are investors in the company.
the aia building in hong kong. don’t change the sign yet 
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