The Hartford board rejects unsolicited proposal from Chubb

The-Hartford-rejects-Chubb-proposal

Determines Chubb proposal is not in best interests of shareholders

The Hartford has announced that its board of directors, after consultation with its financial and legal advisors, has unanimously rejected Chubb Limited’s March 11, 2021, unsolicited proposal to acquire The Hartford.

The Hardford board determined that entering into discussions regarding a strategic transaction would not be in the best interests of the company and its shareholders.

The board reaffirmed its commitment and resolve in the continued execution of The Hartford’s strategic business plan.

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