The Hartford Financial Services Group said Thursday it has rejected two more unsolicited offers from rival Chubb Limited to acquire the Hartford-based company, a month after it confirmed that it had turned down an initial takeover proposal from the same company. In a letter dated March 30, Chubb said it was prepared to offer “in… Continue reading The Hartford Rejects Two Additional Takeover Offers from Rival Chubb
Tag: Hartford-Chubb proposal
Hartford Rejects Bid from Rival Insurer Chubb
Hartford Financial Services Group Inc. said its board unanimously rejected Chubb Ltd.’s unsolicited proposal to acquire the Connecticut-based insurer. Hartford said the board, after consulting with its outside advisers, “determined that entering into discussions regarding a strategic transaction would not be in the best interests of the company and its shareholders.” Chubb representatives couldn’t be… Continue reading Hartford Rejects Bid from Rival Insurer Chubb