Geffen warns dealmakers: 'Prepare for more unity'

Robin Geffen, the architect of Pru's AIA downfall, believes the botched deal could be a defining moment in the fight for investor justice.

The Neptune founder believes the battle to tackle Pru's proposed $35.5bn deal has been groundbreaking in the show of "solidarity and unity" amongst investment managers and wider shareholders, which he says stood together and rejected a deal that was not in the best interests of underlying investors. Geffen says this message should not be forgotten in future transactions. "I do not recall another turn of events like this in the City and I think there are some lessons to be learnt, namely for company management to speak with their shareholders early on in shaping any deal, listen to wha...