The Hartford Confirms Receipt Of Unsolicited Proposal
The Hartford (NYSE: HIG) confirmed receiving an unsolicited, non-binding acquisition proposal from Chubb Limited (NYSE: CB). The Board of Directors is evaluating the offer with financial and legal advisors, emphasizing their commitment to shareholder interests.
The Hartford is a prominent player in property and casualty insurance, with a history spanning over 200 years, known for its service excellence and sustainability practices.
- The Hartford is actively evaluating a significant acquisition proposal, potentially indicating a strategic shift or growth opportunity.
- The Board's commitment to shareholder interests implies a focus on long-term value.
- The unsolicited nature of the proposal may indicate vulnerabilities in The Hartford's market position or financial stability.
The Hartford (NYSE: HIG) today confirmed that it has received an unsolicited, non-binding proposal from Chubb Limited (NYSE: CB) to acquire The Hartford.
The Hartford’s Board of Directors is carefully considering the proposal with the assistance of its financial and legal advisors. The Board of Directors is committed to acting in the best interests of shareholders over the long term.
About The Hartford
The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com. Follow us on Twitter at @TheHartford_PR.
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford’s legal notice.
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Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2020 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
From time to time, The Hartford may use its website and/or social media outlets, such as Twitter and Facebook, to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com, Twitter account at www.twitter.com/TheHartford_PR and Facebook at https://facebook.com/thehartford. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at https://ir.thehartford.com.
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