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

15 hours 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 Direct Line shareholder will be entitled to receive 0.2867 new Aviva shares, 129.7 pence in cash and …

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

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

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16 hours 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 …

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

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23 hours ago · Aviva agrees to buy Direct Line for £3.7bn. ... Aviva will pay 129.7 pence in cash and 0.2867 of its own shares for each Direct Line share as part of the takeover.

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Aviva Set To Buy Direct Line After Sweetened Bid - RTÉ

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Dec 6, 2024 · British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened £3.61 billion cash-and-stock deal that will create the UK's largest home and motor insurer.

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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 …

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

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Dec 6, 2024 · The bid comprises 129.7p in cash, 0.2867 new Aviva shares and dividend payments of ‘up to’ 5p per Direct Line share in aggregate, reflecting a mammoth 73.3 per cent …

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Insurance Giant Aviva Agrees To Buy Direct Line For $4.6 Billion

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Dec 6, 2024 · If approved by shareholders, the takeover will see Aviva pay 129.7 pence per Direct Line share in cash. Direct Line's shareholders will also receive shares in Aviva equivalent to a …

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

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Aviva won over its smaller rival in early December with a cash and shares offer worth 275 pence a share. Direct Line shareholders will own around 12.5% of Aviva’s issued share capital once the ...

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Aviva Reaches Initial £3.6 Billion Deal To Buy Direct Line

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Dec 6, 2024 · A joint statement indicates Aviva paying in the region of £3.5 billion via cash and shares, valuing Direct Line at 2.8x its 2023 tangible equity (when the latter made a negative …

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

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13 hours ago · It has now accepted an offer whereby Direct Line investors will receive 0.2867 new Aviva shares, 129.7 pence in cash and a dividend of up to 5p per share for every Direct Line …

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

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15 hours 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 …

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

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13 hours ago · 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 bulk up its U.K. business.

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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 …

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

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Dec 6, 2024 · The proposed deal values Direct Line at 275p per share, and comprises three elements: a cash component of 129.7p per Direct Line share, which Aviva plans to fund …

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

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16 hours 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 …

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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 …

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Aviva: £3.7bn Direct Line Deal Confirmed | HL - Hargreaves Lansdown

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10 hours ago · The deal terms remain unchanged and include 129.7p per share in cash, 0.2867 new Aviva shares per Direct Line share, and a dividend of up to 5p per share, subject to …

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Can This Takeover News Give Aviva Shares The Boost We've Been …

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12 hours ago · The final terms of the agreement mean Direct Line shareholders will receive 0.2867 new Aviva shares, as well as 129.7p in cash, plus “up to 5% in the form of dividend …

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

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Dec 6, 2024 · “For Aviva, the price is pushing the limit of good value, but snapping up Direct Line could be a strategic jackpot. It cements their place as a heavyweight in the UK home and …

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Aviva's Direct Line Takeover Faces 'material' Execution Risks, Says ...

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Dec 11, 2024 · Jefferies has reiterated its 'buy' stance on Aviva after the insurer's £3.6bn takeover pursuit of Direct Line was agreed by the latter's board, but said that the deal brings major …

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Direct Line Shares Spike As Board Agrees To Higher Aviva Offer

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Dec 6, 2024 · Shares in Direct Line spiked on Friday after the UK insurer said it was ready to accept an increased offer from rival Aviva of 275p a share, valuing the company at £3.6bn.

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FTSE Opens Lower On Friday As Aviva Agrees To Buy Direct Line For …

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Dec 6, 2024 · On the FTSE 250, Direct Line Insurance rose 7.4%. Direct Line has agreed to a takeover bid from Aviva worth 275 pence per share, consisting of 129.7p cash and 0.2867 of …

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Direct Line Insurance Accepts GBP3.7 Billion Takeover Offer From …

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14 hours ago · The cash and shares offer values each Direct Line share at 275 pence. They were trading 3.0% higher at 250.40p each in London on Monday morning. Aviva was down 0.1% at …

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

Will Aviva buy direct line?

British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened £3.61 billion cash-and-stock deal that will create the UK's largest home and motor insurer. ...

How much will direct line shareholders receive from Aviva?

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. The transaction would value each Direct Line share at 275 pence apiece. Bloomberg News first reported the takeover interest late last month. ...

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. ...

Are Aviva shares a bargain buy?

Aviva shares barely move as news of the agreed takeover of Direct Line emerges. Shareholders might not see it as a bargain buy. Alan is a freelance writer who began writing for The Motley Fool in the late 1990s. He has been a private investor for more 30 years, and has explored a number of strategies, settling on high-yielding blue-chip shares. AV. ...

What happened between Aviva & direct line?

Ahead of a Christmas Day deadline, the two insurance firms agreed to a merger after Aviva failed with a lower bid in November. Aviva has agreed a deal to buy rival company Direct Line for £3.7bn ahead of a Christmas Day deadline. ...

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. ...