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Strategies & Market Trends : Speculating in Takeover Targets
CTG 7.290-2.7%Feb 8 4:00 PM EST

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The Ox
From: richardred7/1/2015 8:28:55 AM
1 Recommendation   of 6546
 
The urge to merge continues.

Insurer ACE buys Chubb for $28.3 billion to diversify portfolio


<span class="articleLocation">Property and casualty insurer ACE Ltd ( ACE.N) said it would buy smaller rival Chubb Corp ( CB.N) for $28.3 billion to diversify its portfolio and reduce exposure to rock-bottom catastrophe insurance rates

<span class="articleLocation">http://www.reuters.com/article/2015/07/01/us-chubb-corp-m-a-ace-idUSKCN0PB4G220150701
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