Mergers and Acquisitions

Markets

The Hartford rejects Chubb's $23B buyout bid

After consultation with the insurance company's financial and legal advisors, The Hartford said in a statement that its board of directors determined that entering into discussions regarding a strategic transaction would "not be in the best interests of the company and its shareholders."

Markets

Railroads strike $25B merger

Canadian Pacific Railway Ltd. agreed to acquire Kansas City Southern in a transaction valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.