Ace to acquire Chubb for $28.3bn
Ace has reached a definitive agreement to acquire Chubb in a deal worth $28.3bn (£18.1bn).
Under the terms of the transaction, Chubb shareholders will receive $62.93 per share in cash and 0.6019 shares of Ace stock. The deal is at a premium of 30% to yesterday's (30 June) closing price of
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