DENVER
04/24/2010 05:12 am ET | Updated May 25, 2011

Pinnacol Deal Dead On Arrival In Senate: Brandon Shaffer

Senate President Brandon Shaffer said today he does not want to proceed with a deal to spin off Pinnacol Assurance from state control.

"The Pinnacol transaction is not something we're seriously looking at this year," Shaffer, D-Longmont, told reporters."I think it's a bad deal on a variety of different levels, and I'm not willing to go forward with it."

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