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Stock Market & Financial Investment News

News For TRV;ACE;AIG;TWGP;HIG;CB From The Last 14 Days
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July 1, 2015
07:49 EDTCB, ACEChubb volatility elevated into ACE Limited acquiring for $28B in cash and stock
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07:47 EDTCB, ACEACE Limited & Chubb to host joint conference call
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07:41 EDTACE, CBACE Limited volatility elevated into acquiring Chubb for $28B in cash and stock
ACE Limited (ACE) July call option implied volatility is at 18, August is at 17; compared to its 52-week range of 10 to 21, suggesting large price movement into acquiring Chubb (CB) for $62.93 per share in cash and 0.6019 shares of ACE stock.
07:02 EDTACE, CBACE sees deal immediately accretive to EPS and book value
It is expected that the transaction will be immediately accretive to earnings per share and book value, and by year three, the transaction will be accretive to EPS on a double-digit basis and will be accretive to ROE. It is anticipated that the ROI will exceed ACE’s cost of capital within two years, result in a double-digit return by year three, and tangible book value per share will return to its current level in three years. Morgan Stanley & Co. LLC is serving as financial advisor and Sullivan & Cromwell LLP is serving as legal counsel to ACE. Guggenheim Securities, LLC is serving as financial advisor and Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Chubb.
07:02 EDTCB, ACEACE Limited, Chubb company will be led by Evan Greenberg
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07:01 EDTACE, CBACE Limited to acquire Chubb for $28.3B in cash and stock
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07:00 EDTCB, ACEACE Limited to acquire Chubb for $28.3B in cash and stock
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June 29, 2015
10:04 EDTCBHigh option volume stocks
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June 24, 2015
17:57 EDTAIGWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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June 17, 2015
16:21 EDTAIGAres, Varagon establish joint venture for senior secured loans
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