NU Online News Service, June 2, 1:00 p.m. EDT

Prudential Plc of London early today withdrew its offer to purchase American International Group's International Assurance Group (AIA) Asian life insurance subsidiary.

The decision was expected by analysts because London-based Prudential Plc (which is not connected to Prudential Insurance, based in Newark, N.J.) was under pressure from stockholders to at least reduce the price it would pay for the unit.

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