Wells Fargo notes that per Insurance Insider, Chubb (CB) made an informal takeover approach for AIG (AIG). Both companies denied the report, with Chubb noting it “emphatically denies an offer was made and has no further comment” and AIG saying, “we want to reiterate that AIG is not for sale.” Wells thinks a potential deal is a long shot, and it struggles with whether the board would accept an offer given where the shares are trading.
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