In March, it was reported reported that American International Group Inc. (AIG) would sell AIA Group Ltd., to Prudential plc for approximately $35.5 billion, including about $25 billion in cash, $8.5 billion in face value of equity and equity-linked securities and $2 billion in face value of preferred stock of Prudential, subject to closing adjustments.

Now, AIG and Prudential are in talks to revise the composition of the deal—cutting the $25 billion cash component of the deal by $2 billion—according to numerous news outlets. Citing “people familiar with the matter,” the Wall Street Journal, reports that Prudential last week delayed the launch of a $20 billion rights offering after the U.K.'s Financial Services Authority raised concerns about its capital position.

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