X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Shares of The Hartford have more than doubled during the past year, Bloomberg reported, giving the insurer a market capitalization of around $23 billion, as of March 18. (Credit: The Hartford) Shares of The Hartford have more than doubled during the past year, Bloomberg reported, giving the insurer a market capitalization of around $23 billion, as of March 18. (Credit: The Hartford)

The Hartford confirmed it has received an unsolicited, non-binding acquisition proposal from Chubb Ltd. The target firm reports its board of directors is considering the deal.

The proposal values The Hartford at $65 per share, which represents a 26% premium based on its unaffected 20-day volume-weighted average share price of $51.70 (as of March 10), according to Chubb, which said the deal would be a mixture with the majority in cash and the remainder in stock.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.  

More from this author

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.