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Amlin walkout on Chaucer ends the bidder's tale

AMLIN has walked away from takeover talks with its smaller Lloyd's of London insurance underwriter Chaucer. Amlin said today it had completed its review of Chaucer's business but was now no longer interested. Analysts had been hoping Amlin might bid as much as 75p a share, valuing Chaucer at Pounds 190 million.

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