UK Insurer Aviva to Cut Up to 2,300 Jobs in $4.65 Billion Direct …

1 day ago · 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 …

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UK Insurer Aviva To Cut 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 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday …

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Aviva Lifts Offer For Rival Insurer Direct Line To £3.4bn

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Dec 5, 2024 · Aviva has raised its bid for rival insurer Direct Line to £3.4bn days after its initial offer was rejected. The FTSE 100 firm has upped its offer to 261p for each Direct Line share, …

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Aviva Raises Offer To Buy Direct Line - Financial Times

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Dec 5, 2024 · UK insurance group Aviva has raised its offer to buy Direct Line in a move that would value its smaller rival at about £3.4bn, just days after its first approach was rejected.. …

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Aviva Said To Boost Direct Line Takeover Bid To £3.4 Billion

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Dec 5, 2024 · (Bloomberg) -- Aviva Plc has increased its offer for Direct Line Insurance Group Plc to about £3.4 billion ($4.4 billion), days after its initial proposal to buy the UK motor insurer was …

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

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LONDON, Dec 23 (Reuters) - British insurer Aviva (AV.L), opens new tab could cut up to 2,300 jobs as it takes over smaller rival Direct Line (DLGD.L), opens new tab in a 3.7 billion pound …

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

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Dec 6, 2024 · Aviva's previous bid, on Nov. 19, saw the British insurance giant offer to fully-acquire Direct Line for 250 pence per share, or GBP3.3 billion, in an offer that was rejected by …

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UK's Direct Line Surges After Rejecting Aviva's $4.16 Bln Takeover …

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Nov 28, 2024 · Shares in UK's Direct Line Insurance soared over 36% in early trade on Thursday after it rejected a 3.28 billion pound ($4.16 billion) takeover offer from bigger rival Aviva , …

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Aviva Is Said To Explore Takeover Of Direct Line Insurance

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Nov 27, 2024 · Direct Line Insurance Group Plc shares surged as much as 39% after the insurer rejected a £3.3 billion ($4.2 billion) takeover bid from Aviva Plc, the second suitor it’s rebuffed …

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

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Dec 24, 2024 · 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 …

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

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The boards of both groups agreed on the terms of a recommended offer, Aviva said Monday. For each Direct Line share, shareholders will get 0.2867 new Aviva shares plus 129.7 pence in …

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Aviva Set To Buy Direct Line After $4.60 Billion Sweetened Bid

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Dec 6, 2024 · (Reuters) - British insurer Direct Line said on Friday it was set to recommend a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock takeover by Aviva, if the bigger …

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Aviva Launches £3.4bn Takeover Bid For Direct Line To Create Car ...

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Nov 27, 2024 · Aviva has launched a £3.4bn takeover bid for rival Direct Line in a tie-up that would create one of Britain’s largest car insurers. ... Britain’s largest car insurers. Aviva …

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Insurer Direct Line Rejects Aviva's $4.16 Billion Takeover Bid

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Nov 27, 2024 · (Reuters) - British insurer Aviva said on Wednesday smaller rival Direct Line Insurance had rejected a 3.28-billion-pound ($4.16 billion) takeover offer from the company. …

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UK Insurer Aviva Said To Boost Direct Line Takeover Bid To £3.4 …

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Dec 5, 2024 · Aviva Plc has increased its offer for Direct Line Insurance Group Plc to about £3.4 billion ($4.4 billion), days after its initial proposal to buy the UK motor insurer was rejected, …

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

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Dec 23, 2024 · LONDON (Reuters) -British insurer Aviva (LON: AV) could cut up to 2,300 jobs as it takes over smaller rival Direct Line (LON: DLGD) in a 3.7 billion pound ($4.65 billion) cash …

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

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Dec 23, 2024 · 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 …

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UK Insurer Aviva To Buy Direct Line In $4.65 Billion Deal

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Dec 23, 2024 · (Reuters) - British insurer Aviva has reached an agreement to buy smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on …

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

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Dec 23, 2024 · 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 …

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M&A News: Direct Line Turns Down Aviva’s £3.3B Bid - Nasdaq

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Nov 28, 2024 · The British insurer Direct Line Insurance Group PLC (GB:DLG) has turned down the £3.3 billion takeover bid from its UK-based rival firm Aviva PLC (GB:AV). In a statement, …

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

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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 …

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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 ...

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FAQs about UK Insurer Aviva to Cut Up to 2,300 Jobs in $4.65 Billion Direct … Coupon?

Will Aviva buy Direct Line Insurance Group plc?

Aviva Plc has increased its offer for Direct Line Insurance Group Plc to about £3.4 billion ($4.4 billion), days after its initial proposal to buy the UK motor insurer was rejected, people with knowledge of the matter said. ...

Will Aviva accept a new direct line bid?

Aviva has raised its bid for rival insurer Direct Line to £3.4bn days after its initial offer was rejected. The FTSE 100 firm has upped its offer to 261p for each Direct Line share, 4.4 per cent higher than its original bid of 250p. Deliberations are ongoing and there is no certainty Direct Line bosses will accept the new bid, Bloomberg reported. ...

What if Aviva took over the UK's largest insurance company?

A takeover by Aviva, one of the UK’s largest insurers, would create an insurance group dominating more than a fifth of the motor market and 15 per cent of the home sector, in a deal that could attract the attention of the competition regulator and insurance supervisors at the Bank of England. ...

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. ...

Is Aviva preparing for a Christmas bidding war?

But it has sparked speculation of a Christmas bidding war, with Aviva now contacting Direct Line shareholders direct in an apparent attempt to pave the way for a hostile takeover. Some have predicted Aviva may need to increase its bid further, possibly to £3.9billion, to get the deal over the line. ...

Will Aviva raise its bid to 275 pence?

Berenberg analysts wrote that Aviva has “ample capacity” to raise its bid, and said their base-case scenario is for an increased offer of 275 pence. JPMorgan Chase & Co. analysts have also written that Aviva might need to increase its bid to more than 275 pence in order to win approval from Direct Line’s board. ...