Prudential's AIG takeover timeline

1 March 2010: Announces $35.5bn (£24bn) takeover of AIG's Asian life-insurance business, AIA, funded by record breaking £14.5bn rights issue. 2 March: Shares in Pru fall 8% as shareholders take fright at fundraising. 14 March: Executives promise investors bigger profits in charm offensive to gain support for the deal. 18 March: Shareholders force chief executive Tidjane Thiam to give up his non-executive position on the board of French bank Société Générale to concentrate on the deal. 23 April: Pru shares drop as it gives more details of the fundraising, and promises a 1,000-page prospectus on 5 May. 5 May: Pru pulls release of prospectus after Financial Services Authority (FSA) says it must hold more capital. 6 May: Shares rise on expectation that deal may be abandoned. 7 May: Original timetable for deal is scrapped. 9 May: Pru to relaunch its offer for AIA after winning over FSA with plans to create 'Armageddon' reserve. 17 May: Pru launches £14.5bn rights issue into a highly volatile market. 23 May: Pru directors pledge to take up their rights to fund £14.5bn cash call. 26 May: Voting adviser RiskMetrics tells shareholders to shun the deal . 27 May: Robin Geffen , of fund manager Neptune, leads shareholder rebellion against the deal. 28 May: Pru confirms it is trying to renegotiate AIA deal; Pension fund advisory group Pirc urges investors to oppose it. 29-20 May: Thiam meets investors in the US and UK. 1 June: AIG snubs Pru's revised $30.4bn offer ; Pru shares jump 9% at one stage. 2 June: Pru formally terminates its agreement with AIA, and admits the debacle has cost it around £450m. City investors warn that Thaim and chairman Harvey McGrath could pay with their jobs . 7 June: Shareholders would have voted on the deal at an Annual General Meeting. Despite the Pru pulling out, the meeting will still go ahead.