MILWAUKEE - MGIC Investment Corp. and rival Radian Group Inc. said Wednesday they are abandoning plans to combine the two companies, citing troubles in the mortgage industry.
The companies announced a deal on Feb. 6 calling for MGIC to pay about $5 billion for Radian, but its value tumbled along with MGIC's stock price.
MGIC, a private-mortgage insurer, said in August it did not …
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