NEW YORK, July 6, 2015 /PRNewswire/ -- Securities lawyers at Dunnam & Dunnam are investigating the board of The Chubb Corp. (NYSE: CB) in connection with a buyout for only $62.93 per share. Concerned CB investors are encouraged to contact attorney Hamilton Lindley by clicking here.
The investigation focuses upon the shareholder value of the transaction. Under terms of the proposed agreement, CB shareholders would only receive $62.93 per share in cash and 0.6019 shares of ACE. The value of the deal is approximately $28 billion and is worth approximately $124.00 per share. According to recent press reports and comments from the M&A conference call, ACE approached Chubb just a "couple of weeks ago," so it is likely that there was no process to shop the company to obtain a best offer. The firm's potential shareholder lawsuit will seek to obtain the highest price reasonably available and that all important information about the deal is disclosed.
Dunnam & Dunnam has significant experience representing shareholders in securities lawsuits nationwide. CB stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at firstname.lastname@example.org with questions, toll free at (844) 702-2990 or visit http://www.dunnamlaw.com/CB.
SOURCE Dunnam & Dunnam