Hartford Financial Services Group Inc.

NYSE:HIG   3:18:01 PM EDT
66.42
+0.35 (+0.53%)
Mergers / Acquisitions

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

Published: 03/18/2021 22:59 GMT
Hartford Financial Services Group Inc. (HIG) - 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.