CHUBB <CB> COMPLETES SOVEREIGN <SOVR> BUYOUT
Chubb Corp said it completed the
previously announced acquisition of Sovereign Corp.
    Under terms of the acquisition, Sovereign shareholders will
receive, in a tax-free exchange, 0.1365 share of Chubb common
for each Sovereign share held.
    Chubb said the transaction was valued at 9.11 dlrs a share
based on the closing price of its stock on March 30.
 Reuter
