Chubb shares trade down after $23.2bn Hartford approach
Chubb shares traded 5.3% down to $159.23 by close of markets on Friday, following the insurance behemoth’s unsolicited approach to acquire The Hartford for $23.2bn.
In a statement on Thursday evening, Chubb confirmed an earlier report by Bloomberg that it had proposed a takeover of the Connecticut-headquartered commercial insurer.
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