AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.

Pru drops injunction against AIG.(Prudential PLC,)(American International Group)(Brief Article)

The Daily Deal

| April 17, 2001 | COPYRIGHT 2003 The Deal LLC. (Hide copyright information)Copyright

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 …

Related articles from newspapers, magazines, journals, and more
New way to get air miles.(America West Airlines FlightFund program with...
Magazine article from: The Business Journal - Serving Phoenix & the Valley of the Sun June 23, 2000 700+ words
American International Group at Credit Suisse Group Insurance and Asset...
News wire article from: Fair Disclosure Wire November 15, 2007 700+ words
American International Group Names Robert B. Willumstad Chief Executive...
News wire article from: Fair Disclosure Wire June 16, 2008 700+ words
American International Group at Lehman Brothers 5th Annual Financial Services...
News wire article from: Fair Disclosure Wire September 11, 2007 700+ words
American International Group Investor Update Conference Call -...
News wire article from: Fair Disclosure Wire October 3, 2008 700+ words
©2013 Gale, a part of Cengage Learning. All rights reserved. Contact us | Privacy policy | Terms and conditions

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily