Compiled from staff and wire reports Ailing Kyoei Life Insurance Co. is negotiating with Prudential Insurance Co. of the United States on a capital tieup, Kyoei Life officials said Tuesday.
Prudential might purchase new shares Kyoei Life will issue in a third-party share allotment and put the troubled Japanese insurer under its control.
But it is not clear that an alliance will take place, because the two sides disagree over several details, including the size of Prudential's investment in Kyoei Life, sources close to the talks said.
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