NEW YORK, Feb 28 (Reuters) – Britain’s Prudential Plc
plans to do a rights offering of about $20 billion to
finance a $35.5 billion purchase of American International
Group’s Asian life insurance unit, a source familiar
with the situation said on Sunday.
* Merck KGaA will fund deal from own cash and debt
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* Deal could be announced as soon as Monday
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Fifth Third wants Zayat Stables to put up more cash or allow it to sell its equine collateral — bloodstock that includes Eskendereya, the 6-1 favorite to win this …
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Banks would have to put aside more money to guard against risks arising from credit derivatives and also face limits on how much debt they can hold relative to assets under …
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The creation of another high-profile investment group intent on buying failed banks is leading some to wonder if there are too many sharks circling the FDIC.
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Sources say AIG’s (AIG) board has approved a $35.5B cash-and-stock offer by Britain’s Prudential (PUK) to buy its Asian life insurance business, AIA, with an announcement possible as soon as Monday. AIG had been planning a Hong Kong IPO for AIA when Prudential jumped in with the offer. (earlier) 
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“The euro is certainly in the most difficult phase since it was created,” German Chancellor Angela Merkel says, which underscores the need to both support its member nations, “but on the other hand the need to really tackle the causes of the troubles at their roots. And at the roots are the high Greek deficits and lost credibility.” 
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Coke bottler deal seen riskier than Pepsi’s: “Coke (KO) may have followed Pepsi’s (PEP) lead with a very similar bottler deal, but the world’s top soft drink maker faces greater risk in its unexpected return to the logistics side of its business.” Coke shares have fallen almost 5% since the deal was announced, vs. a 5% rise for Pepsi the day it launched its bid. 
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