Chubb Limited

NYSE:CB   3:59:58 PM EDT
-2.70 (-1.60%)
4:00:00 PM EDT: $165.86 +0.07 (+0.04%)
Mergers / Acquisitions

Chubb Confirms Submission Of Preliminary Proposal For Strategic Business Combination To Hartford

Published: 03/18/2021 22:59 GMT
Chubb Limited (CB) - Chubb Confirms Submission of Preliminary Proposal for Strategic Business Combination to the Hartford.
Proposal Would Value Hartford at $65.00 per Share.
We Have Not Yet Received a Response to Our Proposal.
No Agreement Has Been Reached, and There Can Be No Assurance Any Transaction Will Result From These Discussions.
Even If a Transaction is Agreed Upon, There Can Be No Assurances As to Its Terms, Structure Or Timing.
Consideration Represents a Mix of Stock With Majority in Cash.