BANGKOK (AP) - U.S. insurer AIG says it won't accept a lower offer for its Asian insurance business from Prudential, potentially scuttling the multibillion dollar deal.
London Stock Exchange-listed Prudential PLC was trying to lower the $35.5 billion price agreed for the purchase of AIA, which is the Asian insurance business of American International Group Inc.
"After careful consideration, the company will adhere to the original terms of its previously announced agreement with Prudential," AIG says Tuesday in a statement. "The company will not consider revisions to those terms."
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