Tidjane Thiam bid for AIA, the Asian wing of the crisis-stricken AIG. A public battle ensued, with some investors complaining about the $35.5 billion price Prudential was offering to pay. The bid eventually failed, after the AIG board rejected a revised lower bid. AIA was later floated on the Hong Kong Stock Exchange, and the value of the company quickly rose above Prudential’s original bid price. Thiam came under strong personal criticism following the failure of the bid, partly as a result of the costs incurred by the company in pursuing the bid. However, he was re-elected as CEO at the May
Cobham Technical Services ERA Technology, Culham Lightning and Vector Fields assumed the collective trading name Cobham Technical Services as part of a Group wide rebranding programme by FTSE 100 parent company Cobham plc. In March 2011, Cobham plc completed the divestment of the engineering consultancy group of Cobham Technical Services to edif Group, which took the legal entity name “ERA Technology Ltd”. Cobham Technical Services Cobham Technical Services (the trading name of Cobham CTS Ltd) is a UK-based technology organisation founded in 1920. It sells products for terrestrial and satellite communications, navigation and sensor applications; technical services and specialised systems for high-voltage and