Insurance Acquisitions News: ACE To Acquire Chubb For $28.3 Billion

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ACE Limited and The Chubb Corporation have announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which ACE will acquire

Chubb. Under the terms of the transaction, Chubb shareholders will receive $62.93 per share in cash and 0.6019 shares of ACE stock.

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