Jan. 22 (Bloomberg) -- Fred Thompson, the former senator and actor, is withdrawing from the Republican presidential nomination race, accordingto a statement from his campaign. Thompson, 65, had pinned his presidential hopes on winning the South Carolina Republican primary on Jan. 19. He finished a distant third behind Arizona Senator John McCain and former Arkansas Governor Mike Huckabee.
``Today I have withdrawn my candidacy for President of the United States,'' Thompson said in a statement released by his campaign. ``I hope that my country and my party have benefited from our having made this effort.''
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