Primus Nan Shan bid gets extension
The consortium led by Primus Financial Holdings and China Strategic Holdings, which has already inked an agreement to acquire Taiwan's Nan Shan Life Insurance from American International Group (AIG), has now announced a sought-after accord with the seller to extend the share purchase agreement through to October 12,2010.
This follows protracted discussions with Taiwan's regulators, who are seeking assurances about the origins of the capital behind the $2.15 billion bid, as well as for the future solvency of the company....
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