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AIG Merger Talks With Korean Brokerage Stalled

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NU Online News Service, Oct. 30, 10:45 a.m. – American International Group, New York, has halted its takeover negotiations with Hyundai Securities Company, Seoul, according to Joong Ang Il Bo, a Korean daily.

AIG has asked for five revisions to the framework agreement and brought a due-diligence inspection team home from the South Korean brokerage, Joong Ang reports.