NEW YORK, July 1, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of The Chubb Corporation ("Chubb" or the "Company") (NYSE :CB ) for potential breaches of fiduciary duties in connection with the sale of the Company to ACE Ltd. for approximately $28.3 billion. The Company's stockholders will only receive $62.93 in cash and 0.6019 share of ACE stock for each share they own for each share of Company common stock they own.
However, the median target price set by market analysts is of $103.00 per share and is expected to continue climbing.
Click here for more information: www.faruqilaw.com/CB. There is no cost or obligation to you.
The investigation focuses on whether Chubb's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Chubb's shareholders.
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If you own common stock in Chubb and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CB or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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