The Hartford board unanimously rejects $23.2bn Chubb takeover offer
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 board came to the decision after consultation with its financial and legal advisers, following Chubb’s unsolicited takeover proposal for the company on 11 March.
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