CHUBB INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The Chubb Corporation
NEW ORLEANS, July 2, 2015 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of The Chubb Corporation ("Chubb" or the "Company") (NYSE: CB) to ACE Limited (NYSE: ACE). Under the terms of the proposed transaction, shareholders of Chubb will receive only $62.93 in cash and 0.6019 shares of ACE stock for each share of Chubb that they own. Based on the closing price of ACE stock on June 30, 2015, the total value is approximately $124.13 per Chubb share. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) or partner Michael J. Palestina ([email protected]) toll free at any time at 855-768-1857.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC 206 Covington St. Madisonville, LA 70447
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