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

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

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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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Direct Line Agrees To Aviva’s Sweetened $4.6 Billion Takeover …

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Direct Line agreed to an improved takeover bid from Aviva valuing the nonlife insurer at 3.61 billion pounds ($4.61 billion), the companies said. Insurer and asset manager Aviva won over …

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

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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 …

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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 · 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 …

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

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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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Aviva Reaches Initial £3.6 Billion Deal To Buy Direct Line

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Dec 6, 2024 · Under UK takeover rules, Aviva has until 5 p.m. local time on Dec. 25 to announce a firm intention to make an offer or walk away. The Direct Line DrivePlus app displayed on a …

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Direct Line Set To Accept Sweetened Aviva Takeover Bid

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Dec 6, 2024 · The offer gives a 73.3% premium on Direct Line's value, based on the closing price for its shares on Monday 18 November - the day before the first proposal was advanced.

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Direct Line Investors Seek Higher Bid After Rejecting Aviva's $4.2 ...

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Dec 4, 2024 · Key investors in UK's Direct Line Insurance are holding out for a higher takeover bid from Aviva after the rejection of its 3.28 billion pound ($4.17 billion) offer, the Financial Times …

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

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Direct Line Shares Surge 42% On Rejection Of Aviva's $4.2 Billion ...

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Nov 28, 2024 · Direct Line's shares increased by over 40% on Thursday on hopes its main rival Aviva might submit another higher takeover bid following its decision to reject a GBP3.3 billion …

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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 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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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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FTSE 100 Live 23 December: UK Economy Stalled In Q3, Direct Line …

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Aviva share rose 0.7p to 457.9p after confirming its £3.7 billion deal to buy Direct Line, while its target’s share price lifted 3% or 7.4p to 250.6p in the FTSE 250 index.

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

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

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

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. ...

What if Aviva & Direct Line merge?

If the two insurers combine they would be a major player in motor insurance, having about a fifth of the market. One of the UK's biggest insurers could get even bigger as Direct Line looks set to accept a sweetened £3.61bn takeover bid from Aviva. ...

How much did Direct Line & Aviva gain on Thursday?

Shares of Direct Line jumped as much as 7.7% on Thursday afternoon following the Bloomberg News report. The stock gained 0.3% as of 3:41 p.m. in London, giving the company a market value of about £3.1 billion. Aviva rose 1.2%. ...

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. ...

Did Aviva win over direct line?

Insurer and asset manager Aviva won over its smaller rival with a cash and shares offer worth 275 pence a share in early December. This is 10% higher than its previously rebuffed approach and represents a 73% premium on Direct Line’s closing price on Nov. 27. The boards of both groups agreed on the terms of a recommended offer, Aviva said Monday. ...