2,000 jobs set to be lost in Aviva’s £3.7bn takeover of Direct Line

4 days ago  · Under the deal, Aviva will pay 129.7p in cash, and 0.2867 of its own shares for each Direct Line share. Direct Line shareholders will also receive a dividend of up to 5p per share …


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2,000 Jobs Set To Be Lost In Aviva’s £3.7bn Takeover Of Direct Line

3 days from now

4 days ago  · Under the deal, Aviva will pay 129.7p in cash, and 0.2867 of its own shares for each Direct Line share. Direct Line shareholders will also receive a dividend of up to 5p per share …

ft.com

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Aviva's Direct Line Takeover Triggers Warning Over 2,300 Jobs At Risk

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3 days ago  · Insurance giant Aviva has agreed a takeover of Direct Line in a £3.7bn deal that puts around 2,300 jobs at risk. The offer was thrashed out over the weekend to beat a Christmas …

thisismoney.co.uk

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Direct Line Agrees £3.7bn Aviva Takeover Ahead Of Christmas …

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4 days ago  · Warning over 2,300 jobs at risk and that customers must be protected from more insurance price hikes as Aviva seals the deal on £3.7bn Direct Line takeover Union seeks …

thisismoney.co.uk

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Thousands Of Jobs At Risk As Aviva Strikes £3.7bn Deal To Buy Direct …

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4 days ago  · Up to 2,300 jobs are at risk after Aviva agreed to buy rival Direct Line in a £3.7bn deal. The two insurance giants on Monday said they had reached an agreement to merge and …

telegraph.co.uk

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Up To 2,300 Jobs At Risk As Aviva Purchases Direct Line

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4 days ago  · Up to 2,300 jobs will be put at risk in the wake of Aviva’s purchase of Direct Line, with the companies saying they will cut up to 7% of their combined employee base. Aviva, the …

personneltoday.com

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Aviva Seals £3.75m Direct Line Deal, But Jobs At Risk In Cost-cutting ...

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4 days ago  · The offer values each Direct Line Share at 275p a premium of 73.3% to the closing Price of 158.7p on November 27. Under the terms of the deal, shareholders will receive …

sharecast.com

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UK Insurer Aviva To Shed Up To 2,300 Jobs In $4.65 Billion Direct …

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4 days ago  · The deal, which was first announced earlier this month, will see Direct Line shareholders receive 0.2867 new Aviva shares, 129.7 pence in cash and up to 5 pence in the …

yahoo.com

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Bid Battle Brewing For Direct Line After Insurer Rejects £3.3bn Offer

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Nov 28, 2024  · Warning over 2,300 jobs at risk and that customers must be protected from more insurance price hikes as Aviva seals the deal on £3.7bn Direct Line takeover Union seeks …

thisismoney.co.uk

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Aviva And Direct Line Agree £3.7bn Insurance Tie-up - Yahoo Finance

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4 days ago  · Aviva has agreed a deal to buy rival insurer Direct Line in a £3.7 billion swoop. The FTSE 100 insurer is set to purchase its smaller competitor after a £3.3 billion was bid turned …

yahoo.com

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Aviva Agrees To Buy Direct Line For £3.7bn - Sky News

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4 days ago  · Aviva has agreed a deal to buy rival company Direct Line for £3.7bn ahead of a Christmas Day deadline. The insurance firm announced the agreement with its smaller …

sky.com

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Aviva Makes Firm $4.7 Billion Offer For Direct Line - WSJ

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Aviva formalized the terms of its takeover offer for Direct Line, which values the non-life insurer at around 3.7 billion pounds ($4.65 billion). Insurer and asset manager Aviva won over its ...

wsj.com

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Hundreds Of Jobs At Risk From Aviva’s £3.6bn Takeover Of Direct Line

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Dec 13, 2024  · Hundreds of jobs are at risk from Aviva’s proposed £3.6bn takeover of Direct Line, as the insurance giants rush to combine ahead of a crunch Christmas deadline.. The merger …

telegraph.co.uk

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Aviva Agrees £3.7bn Takeover Of Direct Line - What It Means For …

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4 days ago  · Insurance giant Aviva has confirmed a £3.7bn takeover of competitor Direct Line, after an initial £3.3bn bid was rejected in November. The FTSE 100 company managed to …

mirror.co.uk

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Aviva Outlines Job Cut Plans As Part Of Direct Line Takeover

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3 days ago  · Aviva has laid out plans to cut between 5%-7% of the combined company’s workforce over a three year period following completion of its £3.7bn merger with Direct Line …

postonline.co.uk

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2,000 Jobs To Go As Aviva Seals Deal For Direct Line

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3 days ago  · 2,000 jobs to go as Aviva seals deal for Direct Line 2024-12-24 - By Jessica Clark INSURANCE giant Aviva has agreed a takeover of Direct Line in a £3.7bn deal that puts …

pressreader.com

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Aviva Seals £3.75m Deal To Snare Direct Line | Financial News

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4 days ago  · (Sharecast News) - Aviva said it had struck a deal to buy troubled insurance rival Direct Line for £3.75bn after intensive talks over the weekend and ahead of a Christmas Day …

lse.co.uk

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Direct Line Deal 'Christmas Come Early' For Investors But Not Staff

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4 days ago  · Around 2,000 job cuts from the combined workforce are projected as Aviva moves to wring about £125 million of annual pre-tax cost savings from the deal, which was announced …

heraldscotland.com

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Aviva Pushes To Seal Direct Line Deal Before Christmas

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4 days ago  · Warning over 2,300 jobs at risk and that customers must be protected from more insurance price hikes as Aviva seals the deal on £3.7bn Direct Line takeover Union seeks …

thisismoney.co.uk

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Aviva Agrees To Buy Direct Line For £3.7bn - Health & Protection

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4 days ago  · Aviva has reached an agreement to acquire Direct Line Group for £3.7bn the two companies announced today, but around 2,000 jobs may go. Direct Line shares have been …

healthcareandprotection.com

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Aviva Seals £3.6bn Deal To Buy Direct Line - Bbntimes.com

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The saga began when Aviva approached Direct Line with an initial offer valued at £3.3 billion, or 250 pence per share, combining both cash and shares. The bid, announced in late November …

bbntimes.com

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Takeover Battle Erupts As Aviva Makes £3.3bn Bid For Direct Line:

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Nov 27, 2024  · Aviva has launched an audacious £3.3billion bid to buy troubled rival Direct Line. The FTSE 100 insurance giant, led by Amanda Blanc, revealed last night that it tabled an offer …

thisismoney.co.uk

FAQs about 2,000 jobs set to be lost in Aviva’s £3.7bn takeover of Direct Line Coupon?

How many jobs are at risk after Aviva buys direct line?

Up to 2,300 jobs are at risk after Aviva agreed to buy rival Direct Line in a £3.7bn... To continue… Sign up to read this article free ...

How many jobs will Aviva cut if it takes over direct line?

By Chandini Monnappa and Lawrence White LONDON (Reuters) -British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday, creating the UK's largest home and motor insurer. ...

How many jobs could be lost by Aviva's £3.7bn takeover of direct line?

Up to 2,300 jobs could be lost through the £3.7bn takeover of Direct Line by Aviva, its larger rival, according to a joint statement by the UK insurers. On Monday, the boards of both companies announced they had reached agreement on the terms of a cash and shares approach first made by Aviva earlier this month. ...

How much will Aviva pay direct line shareholders?

The takeover will see Aviva pay 129.7 pence in cash and 0.2867 of its own shares for each Direct Line share. It will also pay up to 5p in dividend payments per share to Direct Line shareholders as part of the deal. Aviva shareholders will own approximately 87.5% of the new company while Direct Line shareholders will own about 12.5%. ...

What happens after Aviva buys direct line?

After the deal, Aviva shareholders will own 87.5 per cent of the combined company and Direct Line investors 12.5 per cent. Further details will emerge in the full offer document in February. Shareholders vote on the deal in March and investors owning 75 per cent of shares in each company must approve the takeover for it to pass. ...

How many jobs will be axed after Aviva deal?

The board had rejected a £3.3bn offer from Aviva and fended off a takeover attempt by Belgian insurer Ageas, just weeks into new chief executive Adam Winslow’s tenure. Documents revealed that between 1,650 and 2,300 jobs will be axed – 5 to 7 per cent of the combined company’s headcount, in the three years after the deal. ...

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