CHUBB &lt;CB> COMPLETES SOVEREIGN &lt;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.
  

