Pru drops lawsuit against AIG

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Prudential has dropped its lawsuit against American International Group (AIG) and has pocketed a $600m (£423m) termination fee as the result of its failed bid to take over American General.

A spokesman said that although Prudential was disappointed at the outcome of the American General deal the company would not make any knee jerk reaction to the failed takeover bid. Prudential's dro...

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