Faruqi & Faruqi, LLP Announces the Investigation of The Chubb Corporation (CB) Over the Proposed Sale of the Company to ACE Ltd.
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.
If you own common stock in Chubb and wish to obtain additional information and protect your investments free of charge, please fill out the form below 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.
Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
* The submission of this form does not create an attorney-client relationship.
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.