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

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

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Direct Line DLG 0.24 % increase; green up pointing triangle agreed to an improved takeover bid from Aviva AV-0.21 % decrease; red down pointing triangle valuing the nonlife insurer at 3.61 …

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

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10 hours ago · 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 Monday, creating …

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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 …

msn.com

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

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

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Dec 6, 2024 · Direct Line has accepted an improved takeover offer from Aviva that will see the U.K.’s largest insurer fully-acquire its smaller rival for £3.6 billion ($4.6 billion). In a joint …

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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 …

morningstar.com

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Direct Line Rejects $4.16 Bln Aviva Bid - MarketWatch

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Nov 28, 2024 · Aviva has until Christmas day to either make a formal offer for Direct Line or walk away. Aviva shares closed Wednesday at 489.30 pence and are up 13% over the year to date.

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Aviva Agrees To Buy Direct Line: Is It Time To Buy Shares?

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Dec 6, 2024 · Direct Line shares opened 6 December at 252.2p, 6.86% above their close price the previous session, and jumped a further 2.22% to 257.8p later in the morning before falling …

moneyweek.com

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

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6 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 UK business.

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

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(Reuters) - 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 ...

msn.com

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Direct Line Accepts Takeover Proposal From Aviva | ITIJ

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Dec 6, 2024 · If completed, the deal will create an insurance firm worth approximately £16.65 billion, ahead of Legal & General (£14.06 billion), and just behind Prudential (£17.73 billion). …

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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 …

msn.com

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

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(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 rival makes a …

msn.com

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

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Dec 6, 2024 · By Yadarisa Shabong and Tommy Reggiori Wilkes. LONDON (Reuters) -British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound …

globalbankingandfinance.com

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

Did direct line agree to an improved takeover bid from Aviva?

Direct Line has agreed to an improved bid from Aviva. Photo: Bloomberg News Direct Line DLG 0.24% agreed to an improved takeover bid from Aviva AV -0.21% valuing the nonlife insurer at 3.61 billion pounds ($4.61 billion), the companies said. ...

How much did direct line DLG buy Aviva AV?

Photo: Bloomberg News Direct Line DLG 0.24% agreed to an improved takeover bid from Aviva AV -0.21% valuing the nonlife insurer at 3.61 billion pounds ($4.61 billion), the companies said. Insurer and asset manager Aviva won over its smaller rival with a cash and shares offer worth 275 pence a share, 10% higher than its previous approach. ...

When did Aviva make its initial offer?

An earlier version of this story said Aviva made its initial offer on Nov. 27. Aviva in fact made its initial offer on Nov. 19 and then announced the offer publicly on Nov. 27 Direct Line has accepted an improved takeover offer from Aviva that will see the U.K.’s largest insurer fully-acquire its smaller rival for £3.6 billion ($4.6 billion). ...

Does Aviva earn money from links?

When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Aviva and Direct Line Group have agreed a sweetened cash, shares and dividends deal that will see Aviva acquire its rival and capture more than a fifth of the combined UK motor insurance market. ...

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. ...