UPDATE 3-Hedge fund Third Point calls on Britain's Prudential to break up [Reuters]
Prudential Public Limited Company (PUK)
US:NYSE Investor Relations:
investor.prudential.com
Company Research
Source: Reuters
Hedge fund Third Point calls on Britain's Prudential to break up (Reuters) - Hedge fund Third Point LLC amassed a more than $2 billion stake in Prudential Plc ( PRU.L ) and called on the British insurer on Monday to split into two companies. Third Point’s demands, first reported by Reuters earlier on Monday, could lead to a major shake-up at Prudential, only a few months after it spun out its European insurance and asset management businesses into a new company called M&G Plc ( MNG.L ). Third Point, which specializes in shareholder activism and is run by Daniel Loeb, wrote to the 332-year old London-based company on Monday to ask it to separate its Asian and U.S. businesses. The New York-based hedge fund said Prudential’s stock would benefit if it stopped running its crown jewel Asia business and its U.S. business, Jackson National Life, out of one holding company in Britain. Jackson accounts for a small portion of Prudential’s value, but is extremely complex to analyze, Third Poi
Show less
Read more
Impact Snapshot
Event Time:
PUK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PUK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PUK alerts
High impacting Prudential Public Limited Company news events
Weekly update
A roundup of the hottest topics
PUK
News
- Private companies account for 39% of Thong Guan Industries Berhad's (KLSE:TGUAN) ownership, while individual investors account for 33% [Yahoo! Finance]Yahoo! Finance
- PPM America Closes Mutual Funds to Focus on Other Commingled Vehicles [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Prudential (PUK) Stock? [Yahoo! Finance]Yahoo! Finance
- Prudential plc (NYSE: PUK) was upgraded by analysts at Barclays PLC to a "strong-buy" rating.MarketBeat
- Instant view: Investor reactions to briefing from China's finance ministry on stimulus [Yahoo! Finance]Yahoo! Finance
PUK
Analyst Actions
- 10/17/24 - Barclays PLC
PUK
Sec Filings
- 11/22/24 - Form 6-K
- 11/15/24 - Form 6-K
- 11/15/24 - Form 6-K
- PUK's page on the SEC website