U.K. stockbroker, Seymour Pierce, has called off its merger with Bermuda-based reinsurer Gerova Financial, Financial Times reports. The New York Stock Exchange had earlier stopped trading in U.S.-listed Gerova’s shares. The bourse was looking into whether Gerova needed to make further financial disclosures. New York-based broker-dealer, Ticonderoga Securities, which was also set to merge with Gerova, has terminated talks with Gerova.
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