MGIC And Radian Terminate Merger Agreement

Mortgage insurer MGIC Investment Corp. (MTG) and Radian Group Inc. (RDN) agreed to call off their merger which was due to close in October citing problems in the mortgage industry. Shares of MGIC edged down 29 cents to close at $30.05 while Radian stock climbed added 16 cents to close at $18.27.