Announced
Financials
Tags
Private Equity
Friendly
Majority
Single Bidder
Public
Acquisition
Pending
Domestic
insurance services
investment management
financial services
Diversified Financials
United States
Private Equity
Synopsis
The Hartford, an investment and insurance company, rejected a $23bn acquisition offer from Chubb, a property and casualty insurance company. Hartford in a short statement said its board, after consultation with its financial and legal advisers, had determined that entering into talks about a deal would not be in the best interests of the company and its shareholders.
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