27 Post Balance Sheet Event

On 11 March 1999, the Company announced the terms of a recommended cash offer for the entire issued and to be issued share capital of M&G Group P.L.C. (M&G), except for those M&G shares which the Prudential Group already owned or which it had contracted to acquire. The offer comprised £25 in cash for each M&G share, with a loan note alternative, and valued the share capital of M&G at approximately £1.9 billion. For the year ended 30 September 1998, M&G reported total revenue of £164 million, profit before tax of £76 million and total equity shareholders’ funds of £324 million.

 

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