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Home>Ace Agrees to Buy Rival Insurer Chubb For $28.3 Billion--3rd Update

Ace Agrees to Buy Rival Insurer Chubb For $28.3 Billion--3rd Update

3party Content

Wed, 1 Jul 2015

By Lisa Beilfuss ACE Ltd. agreed to buy Chubb Corp. for $28.3 billion in cash and stock, making the insurance tie-up one of the biggest deals this year. Chubb holders will receive $62.93 in cash and 0.6019 shares of ACE, for a total value of about $124.13 a share. The price tag represents a 30%
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