Chubb confirms submission of preliminary proposal for strategic business combination to the hartford

New york, march 18, 2021 /prnewswire/ -- on march 11, chubb limited presented the hartford with a proposal for a combination of our two companies that we believe would be strategically and financially compelling for both sets of shareholders and other constituencies. this proposal would value the hartford at $65.00 per share and represents a premium of 26% based on its unaffected 20-day volume weighted average share price of $51.70 as of march 10, 2021.
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