Hartford shares fall on opening after Chubb’s ‘disciplined acquirer’ statement
Shares in The Hartford traded 3.2% down at $65.54 on Monday morning, following a statement by Chubb that indicated the Evan Greenberg-led insurance giant is wary of entering into a bidding contest for the commercial lines carrier.
The Hartford’s stock price is trading almost 35% higher than at the start of 2021, having risen almost 19% on March 18 when the target first confirmed Chubb’s unsolicited bid following a Bloomberg report.
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