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February 13, 2009 at 07:00 PM
American United Mutual Insurance Holding Company has broken off efforts to acquire Shenandoah Life Insurance Company through a merger.
American United, Indianapolis, a unit of OneAmerica Financial Partners Inc., Indianapolis, first announced the deal with Shenandoah Life, Roanoke, Va., in November 2008.
“We’re not able to provide any details” about the decision to terminate efforts to merge, a OneAmerica spokesman says.
“Further information” about the termination “will be available shortly,” Shenandoah Life says in a note on its Web site. Company representatives were not immediately available to answer questions about the topic.
