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0 0 0 0 0.00146412884333818 -0.000852773710753318 -0.00463640800390438 -0.00445745892305191
Stock impact report

Why Chubb Stock Just Popped [Yahoo! Finance]

Chubb Limited (CB) 
Last chubb limited earnings: 4/21 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Chubb Limited (NYSE: CB) stock jumped 3.6% through 1:05 p.m. ET Thursday after insurance industry reporter Insurance Insider reported Chubb "has made an informal takeover approach" to rival insurer American International Group (NYSE: AIG) Choosing its words carefully, a Chubb spokesperson denied the company has made "an offer" to buy AIG. But that wasn't exactly the question asked... So is Chubb trying to buy AIG or isn't it? Wall Street is of two minds. On the one hand, a Cantor Fitzgerald analyst thinks an offer for AIG seems "very unlikely" and is standing pat on its neutral rating for Chubb stock. Furthermore, AIG itself has stated that it "is not for sale." (But one wonders, at the right price, might it become for sale?) On the other hand, Piper Sandler admits that a deal might be "possible," and the two companies share similar cultures that could facilitate a merger . Bank of America agrees that a merger of two insurance giants would "make ... sense." BofA does point ou Show less Read more
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