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New Deal


Announced

The Hartford rejects Chubb's $23bn offer.

Financials

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Transaction Value£16,706m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium26%
One Off Charge-

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Private Equity

Friendly

Majority

Single Bidder

Public

Acquisition

Pending

Domestic

insurance services

investment management

financial services

Diversified Financials

United States

Private Equity

Synopsis

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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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