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Fly News Breaks for July 1, 2015
TRV, BRK.A, AXA, AZSEY, ACE, CB
Jul 1, 2015 | 09:54 EDT
Wells Fargo says few companies can challenge ACE Limited (ACE) in bidding for Chubb (CB). Such names could include Allianz (AZSEY), AXA (AXA), Berkshire Hathaway (BRK.A) or Travelers (TRV), the firm says in a research note. Wells, however, does not expect a competing bid for Chubb to emerge. It expects shares of ACE and Chubb to react positively to the announced deal as well as the broader universe of non-life insurance companies.