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Byline: Nicola Hobday
LONDON -- British insurer Prudential plc said April 17 it dropped its plan to request a temporary injunction against American International Group, but it has not abandoned its legal action against the New York insurer for alleged wrongful interference with its merger agreement with American General Corp.
Earlier this month, AIG, the world's largest insurer, made a counter offer for Houston-based American General for $23 billion in stock, topping Prudential's all-paper offer, which has dropped in value to just below $20 billion.
Prudential had planned to ask a Texas state court to issue a preliminary injunction to halt AIG's …