logo
  

ACE Ltd. (ACE) Is Up Sharply After Acquisition Of Chubb

ACE Ltd. (ACE) announced Wednesday morning that it has agreed to acquire Chubb Corp. (CB) for $28.3 billion. Chubb shareholders will receive $62.93 per share in cash and 0.6019 shares of ACE stock for each Chubb share.

ACE has gapped open sharply higher this morning and is now up 6.34 at $108.02 on above average volume. The stock has jumped to a 1-month high.

For comments and feedback contact: editorial@rttnews.com

Business News

Invest in the Best Pharma Stocks by Subscribing to RTT Biotech Investor.

Jobless claims data was the highlight in this relatively light week for U.S. economics. In Europe, focus was on the U.K. economy where the Bank of England announced its latest policy decision and the first quarter GDP data were released. Find out the signals from the central bank and whether or not the UK economy exited a recession. In the Asia-Pacific, Australia's central bank delivered its latest policy verdict and China released trade figures.

View More Videos
Follow RTT