Aviva seals £3.75m deal to snare Direct Line | Financial News

5 days ago  · (Sharecast News) - Aviva said it had struck a deal to buy troubled insurance rival Direct Line for £3.75bn after intensive talks over the weekend and ahead of a Christmas Day …


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Aviva Seals £3.75m Deal To Snare Direct Line | Financial News

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5 days ago  · (Sharecast News) - Aviva said it had struck a deal to buy troubled insurance rival Direct Line for £3.75bn after intensive talks over the weekend and ahead of a Christmas Day …

lse.co.uk

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

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5 days 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 …

yahoo.com

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

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5 days 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 …

yahoo.com

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Aviva Agrees To Buy UK Insurer Direct Line In £3.7 Billion Deal

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5 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.

bloomberg.com

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2,000 Jobs Set To Be Lost In Aviva’s £3.7bn Takeover Of Direct Line

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4 days ago  · Under the deal, Aviva will pay 129.7p in cash, and 0.2867 of its own shares for each Direct Line share. Direct Line shareholders will also receive a dividend of up to 5p per share …

ft.com

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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 ...

wsj.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 Preliminary Deal With Direct Line On Takeover

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Dec 5, 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.

bloomberg.com

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Aviva To Buy Direct Line In £3.7 Bln Deal - Investing.com

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5 days ago  · Under the terms of the deal, Direct Line shareholders will receive 0.2867 newly issued Aviva shares, 129.7 pence in cash per share, and up to 5 pence in potential dividend …

investing.com

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Aviva Seals £3.75m Direct Line Deal, But Jobs At Risk In Cost-cutting ...

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5 days ago  · The offer values each Direct Line Share at 275p a premium of 73.3% to the closing Price of 158.7p on November 27. Under the terms of the deal, shareholders will receive …

sharecast.com

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

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5 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 And Direct Line Wrap Up £3.7bn Deal | International Adviser

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5 days ago  · Aviva’s £3.7bn buyout has officially been signed, sealed, and delivered at 129.7 pence per Direct Line share in cash. “This deal is excellent news for the customers and …

international-adviser.com

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Aviva Agrees £3.7bn Takeover Of Direct Line - The Mirror

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5 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 Pushes To Seal Direct Line Deal Before Christmas

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5 days ago  · Warning over 2,300 jobs at risk and that customers must be protected from more insurance price hikes as Aviva seals the deal on £3.7bn Direct Line takeover Union seeks …

thisismoney.co.uk

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FIVE At FIVE: Aviva Seals Direct Line Deal; Record House Prices; FTSE ...

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Dec 6, 2024  · Aviva’s offer represents a 73.3% premium to Direct Line’s closing share price on November 27, when Aviva first approached the group with a takeover proposal. Read more 2.

proactiveinvestors.co.uk

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News Highlights: Top Financial Services News Of The Day

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4 days ago  · Aviva Seals Direct Line Deal With $4.7 Billion Offer Aviva won over its smaller rival in early December with a cash and shares offer worth 275 pence a share. Financial Services …

morningstar.com

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

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Dec 5, 2024  · 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 …

insurancejournal.com

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News Highlights: Top Financial Services News Of The Day

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4 days ago  · Aviva Seals Direct Line Deal With $4.7 Billion Offer Aviva won over its smaller rival in early December with a cash and shares offer worth 275 pence a share. (END) Dow Jones …

morningstar.com

FAQs about Aviva seals £3.75m deal to snare Direct Line | Financial News Coupon?

Will Aviva buy direct line?

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 down in November. The companies had been locked in talks ahead of a Christmas Day deadline. ...

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 deal. The two insurance giants on Monday said they had reached an agreement to merge and create Britain’s biggest insurance company, following weeks of talks. ...

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. ...

How much will direct line shareholders receive from Aviva?

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 form of a dividend, Aviva said. ...

How many jobs will Aviva cut if it takes over direct line?

By Chandini Monnappa and Lawrence White LONDON (Reuters) -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, creating 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 said the deal would double Aviva’s share in that market. What Bloomberg Intelligence Says: ...

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