Reuters ahead on UK’s Prudential rights issue take-up

Reuters was exclusive in reporting on March 2 that Britain’s largest insurer Prudential had secured underwriting commitments that exceeded its $21 billion landmark rights issue. The news was a key milestone for the biggest ever acquisition-related cash call after concern about the size of the deal sent Prudential’s shares plummeting by as much as 20 percent. Prudential shares rebounded as much as 5 percent intraday.