Aviva Agrees to Buy UK Insurer Direct Line for £3.7 Billion

1 day ago  · (Bloomberg) -- Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer. Each …


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Aviva Agrees To Buy UK Insurer Direct Line For £3.7 Billion

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1 day ago  · (Bloomberg) -- Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer. Each …

bnnbloomberg.ca

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Aviva To Buy DLG For £3.7bn As Takeover Officially Agreed

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1 day ago  · In a joint statement released this morning (23 December 2024), the two firms announced that they had agreed on the terms of a cash and share offer. Under the terms of …

insurancetimes.co.uk

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Aviva Buys Direct Line, Gaining Share Of The UK Motor Insurance …

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14 hours ago  · Aviva has agreed to pay £3.7bn for rival company (€4.5bn) in time for the Christmas Day deadline. The deal will pave the way for the combined group to own a fifth of …

euronews.com

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Aviva Agrees To Buy Direct Line In £3.6bn Insurance Deal

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Dec 6, 2024  · Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Aviva, the UK insurance heavyweight, has agreed a £3.6bn takeover deal with …

ft.com

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

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1 day 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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Aviva Agrees To Buy U.K. Insurer Direct Line For £3.7 Billion

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1 day ago  · Finance · Insurance. Aviva agrees to buy U.K. insurer Direct Line for £3.7 billion. BY Aaron Kirchfeld and Bloomberg. Aviva has been on an acquisition spree in recent years to …

fortune.com

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Aviva Set To Buy Direct Line To Create $21 Billion British Insurer

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Dec 6, 2024  · British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock deal that will create the UK's largest home and …

reuters.com

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Aviva Reaches Initial £3.6 Billion Deal To Buy Direct Line

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Dec 6, 2024  · Aviva Plc reached a preliminary agreement to buy Direct Line Insurance Group Plc for £3.6 billion ($4.6 billion) in a deal that would create the UK’s largest motor insurer.

insurancejournal.com

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

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1 day ago  · British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a cash-and-stock deal, the companies said, creating the UK's largest home and motor …

reuters.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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Aviva Agrees £3.7bn Deal To Acquire Direct Line, Forming A UK …

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19 hours ago  · Under the terms of the deal, Direct Line shareholders will receive a mix of cash and shares: 0.2867 new Aviva shares, 129.7p in cash, and up to 5p in dividends. Aviva will …

bmmagazine.co.uk

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

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1 day ago  · Aviva has finally struck a deal to acquire fellow insurer Direct Line for £3.7billion, ahead of a Christmas Day deadline. Britain's largest life insurer made a £3.3billion approach in …

thisismoney.co.uk

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Aviva Enters Preliminary Deal On £3.6bn Direct Line Buyout

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Dec 6, 2024  · Last month, Direct Line turned down Aviva’s previous offer, saying it was “highly opportunistic and substantially undervalued the company”. Reaction to the Aviva Direct Line …

lifeinsuranceinternational.com

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Aviva Agrees £3.7bn Direct Line Takeover | Insurance Insider

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1 day ago  · Aviva has agreed its £3.7bn ($4.6n) acquisition of Direct Line, following the preliminary deal reached earlier this month. The preliminary agreement for an offer to buy …

insuranceinsider.com

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Aviva Agrees £3.6bn Direct Line Takeover - UK Investor Magazine

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Dec 6, 2024  · Insurance giants Aviva and Direct Line have announced an agreement for the takeover of Direct Line by Aviva after a revised bid was accepted by Direct Line. The proposed …

ukinvestormagazine.co.uk

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

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1 day 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 …

expressandstar.com

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Aviva Agrees To Buy UK Insurer Direct Line For £3.7 Billion

5 days from now

2 days ago  · Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer.Each Direct Line …

insurancejournal.com

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Aviva Agrees To Buy UK Insurer Direct Line For £3.7 Billion (3)

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1 day ago  · Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer.. Each Direct Line …

bloomberglaw.com

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

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Direct Line Insurance Group has agreed to a £3.6 billion takeover by its larger competitor, Aviva. This development comes after Aviva revised its initial bid, which had been previously rejected …

bbntimes.com

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Aviva Agrees To Buy Direct Line In Sweetened £3.6bn Deal

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Dec 6, 2024  · Aviva has agreed a £3.6bn takeover deal with Direct Line, after winning over its smaller rival with an improved bid. Aviva, the UK’s largest insurer which also holds an equity …

mortgagestrategy.co.uk

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Aviva Reaches Initial £3.6 Billion Deal To Buy Direct Line - Yahoo …

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Dec 6, 2024  · (Bloomberg) -- Aviva Plc reached a preliminary agreement to buy Direct Line Insurance Group Plc for £3.6 billion ($4.6 billion) in a deal that would create the UK’s largest …

yahoo.com

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Aviva Agrees £3.75 Billion Takeover Of Direct Line

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1 day ago  · An enlarged Aviva will become the second biggest car insurer behind Admiral. Aviva has agreed a £3.75 billion takeover of insurance rival Direct Line following intensive talks over …

dailybusinessgroup.co.uk

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

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2 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 Looks Set To Buy Direct Line In £3.6bn Deal - Yourmoney.com

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Dec 6, 2024  · Insurance Aviva looks set to buy Direct Line in £3.6bn deal . Written By: Emma Lunn. Posted: 06/12/2024 . Updated: 06/12/2024 . A preliminary agreement has been reached …

yourmoney.com

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Aviva Agrees Takeover Of Direct Line - What It Means For Your …

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2 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 Deal For Direct Line Puts Thousands Of Jobs At Risk

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2 days ago  · Aviva has agreed to buy rival insurer Direct Line in a deal worth £3.7 billion, with up to 2,300 job cuts planned as the companies aim for £125 million in cost savings.

heraldscotland.com

FAQs about Aviva Agrees to Buy UK Insurer Direct Line for £3.7 Billion Coupon?

Will Aviva buy Direct Line Insurance Group plc?

(Bloomberg) -- Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer. Each Direct Line shareholder will be entitled to receive 0.2867 new Aviva shares, 129.7 pence in cash and as much as 5 pence in dividend, according to a statement on Monday. ...

Will direct line take over Aviva?

The UK insurance firm Aviva has improved on an earlier deal rejected by its smaller competitor Direct Line. Direct Line has agreed a takeover offer from Aviva that will pave the way for the combined group to own a fifth of the UK motor insurance market. The bid, which values Direct Line at £3.6bn, entails Aviva paying 275p per share. ...

How much does Aviva pay direct line?

Aviva, the UK insurance heavyweight, has agreed a £3.6bn takeover deal with Direct Line, after winning over its smaller rival with a sweetened bid. The preliminary deal, announced in a joint statement by the companies on Friday, will see Aviva pay 275p per share for the motor insurer best known for its mascot of a red phone on wheels. ...

Will Direct Line & Aviva become UK's largest motor insurer?

Combined, Direct Line and Aviva would become the UK’s largest motor insurer — catapulting past their larger competitor Admiral — and Bloomberg Intelligence has said previously that the deal would double Aviva’s share in that market. ...

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 ...

Will direct line's board endorse a buyout offer from Aviva?

After discussions with advisers and shareholders, Direct Line’s board is inclined to endorse the offer. Credit: T. Schneider/Shutterstock. British motor insurer Direct Line has signed a preliminary agreement on the financial terms for a sweetened buyout bid of £3.6bn ($4.6bn), or 275 pence per share, from Aviva. ...

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