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Hartford rejected Chubb’s initial offer of $65 a share and then turned away two higher offers, $67 and $70 a share.
NEW YORK , April 22, 2021 /PRNewswire/ -- Chubb Limited (NYSE: CB ) issued the following statement today: We have believed that a consolidation of our two organizations, on terms that recognized The Hartford's fair value, would be financially and strategically compelling for both sets of shareholders. Nonetheless, The Hartford has chosen not to engage in response to any of our proposals. The path to a transaction would have been engagement coming from The Hartford on the terms of our last proposal. Full story available on Benzinga.com
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The Hartford has rebuffed Chubb’s $23.2bn unsolicited takeover bid, with the board unanimously concluding that a transaction would benefit neither the company nor its shareholders.
The Hartford today announced that its board of directors has unanimously rejected rival insurer Chubb’s unsolicited proposal to acquire The Hartford for $23.24 billion. The Hartford said its board determined that entering into discussions regarding a strategic transaction “would not …
HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford (NYSE: HIG) today announced that its board of directors, after consultation with its financial and legal advisors, has unanimously rejected Chubb Limited’s March 11, 2021, unsolicited proposal to acquire The Hartford and determined that entering into discussions regarding a strategic transaction would not be in the best interests of the company and its shareholders. The board reaffirmed its commitment and resolve in the continued execution of The H
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After a fallow period, the prospect of major industry M&A is firmly back on the table following the confirmation from Chubb last week that it had made a $65-per-share bid for US carrier The Hartford.
Five years ago, Evan Greenberg led ACE’s nearly $30 billion acquisition of Chubb, morphing Chubb into its current status as a global property/casualty insurance giant he continues to guide as CEO. Now, the insurer is gunning for even larger size …
Chubb Charitable Foundation Establishes Scholarship for Georgia State Undergraduates Studying Risk Management and Insurance10 Mar, 13:00, PR Newswire • Développer
NEW YORK and ATLANTA, March 10, 2021 /PRNewswire/ -- The Chubb Charitable Foundation has established the Chubb Robert M. Hernandez Scholarship for undergraduates studying risk management and insurance (RMI) at Georgia State University's Robinson College of Business. As part of Chubb's…
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