Prudential declined to comment. On a marathon conference call on Memorial Day, Blackstone, advising the AIG board, recommended stopping talks at a reduced price and going for an IPO instead. Morgan Stanley, which was advising the government, saw more value in an IPO unless the board was confident the Pru deal would close. Citigroup and Goldman, which were advising AIG on the deal, laid out the arguments and risks for both outcomes. A banker put a 60 percent chance of the deal going ...
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