Hartford Rejected 3 Acquisition Offers From Chubb From $65 to $70 a Share

[marindependent]

Wow sounds like Hartford just does NOT want to sell to Chubb.

Hartford Rejected 3 Acquisition Offers From Chubb From $65 to $70 a Share

"
After its initial offer of $65 per share to acquire The Hartford was rejected, insurer Chubb came back with two additional offers of $67 and then $70 per share, The Hartford reported today in its first quarter filings.

The Hartford’s board of directors unanimously rejected each of Chubb’s proposals, determining that “entering into discussions regarding a strategic transaction would not be in the best interests of the company and its shareholders.”"

 

[Markthebroker]

This scared me a bit. I hope Chubb doesn't buy Hartford. Hartford has been wonderful to deal with, and Chubb is one of the worst. I'd hate to see Chubb infect Hartford with their terrible customer service.