Prudential says pulling out of bid for insurer AIA

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British insurer Prudential said Wednesday it was terminating its bid to buy AIA, the Asian arm of US group AIG.

Prudential said in a statement it was "in negotiations with American International Group, Inc. (AIG) for the termination of the agreement (the SPA) for the combination of Prudential with AIA Group Limited (AIA)."

© 2010 AFP

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