Aviva's Direct Line takeover triggers warning over 2,300 jobs at risk

2 days ago  · 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 Christmas …


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

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2 days ago  · 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 Christmas …

thisismoney.co.uk

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

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3 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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Thousands Of Jobs At Risk As Aviva Strikes £3.7bn Deal To Buy Direct …

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4 days ago  · 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 …

yahoo.com

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Aviva Deal For Direct Line Puts Thousands Of Jobs At Risk

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4 days ago  · Aviva has agreed to buy rival insurer Direct Line in a deal worth £3.7 billion, with up to 2,300 job cuts planned as the companies aim for £125 million in cost savings. Aviva, the …

heraldscotland.com

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

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3 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 …

reuters.com

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

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3 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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Hundreds Of Jobs At Risk From Aviva’s £3.6bn Takeover Of Direct Line

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Dec 13, 2024  · Hundreds of jobs are at risk from Aviva’s proposed £3.6bn takeover of Direct Line, as the insurance giants rush to combine ahead of a crunch Christmas deadline. The merger to …

telegraph.co.uk

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

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3 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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Up To 2,300 Jobs At Risk As Aviva Purchases Direct Line

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3 days ago  · Up to 2,300 jobs will be put at risk in the wake of Aviva’s purchase of Direct Line, with the companies saying they will cut up to 7% of their combined employee base. Aviva, the …

personneltoday.com

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

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3 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 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 ...

wsj.com

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Aviva Agrees £3.7bn Takeover Of Direct Line - What It Means For …

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4 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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UK Insurer Aviva To Shed Up To 2,300 Jobs In US$4.7b Direct Line Deal

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4 days ago  · British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a £3.7 billion (US$4.7 billion or RM20.9 billion) cash-and-stock deal, the companies …

theedgemalaysia.com

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

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Dec 11, 2024  · Aviva seals £3.75m Direct Line deal, but jobs at risk in cost-cutting drive Xerox to buy Lexmark in $1.5bn deal ECR signs non-binding deal to sell Mercator Gold Australia

sharecast.com

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2,000 Jobs To Go As Aviva Seals Deal For Direct Line

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3 days ago  · 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 …

pressreader.com

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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 …

voxmarkets.co.uk

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Aviva’s £3.7bn Direct Line Deal Means 2,300 Job Cuts

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3 days ago  · The deal includes plans to cut up to 2,300 jobs as the companies aim for £125m in cost savings annually. Under the agreement, Aviva will pay £2.75 per Direct Line share …

whatjobs.com

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

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3 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

FAQs about Aviva's Direct Line takeover triggers warning over 2,300 jobs at risk Coupon?

Will Aviva take over direct line?

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 Christmas Day deadline. But plans to make £125m cost savings including thousands of job cuts will cast a shadow over the festive period for the companies’ 33,000 employees. ...

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. ...

How much does Aviva pay per direct line share?

Aviva has agreed to pay the equivalent of £2.75 per Direct Line shares, valuing the smaller company at £3.7bn. The deal follows a preliminary agreement between the two companies earlier this month, which had a Christmas Day deadline for the transaction to complete. ...

Will Jefferies buy Aviva?

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 execution risks. ...

How many jobs could be lost by Aviva's £3.7bn takeover of direct line?

Up to 2,300 jobs could be lost through the £3.7bn takeover of Direct Line by Aviva, its larger rival, according to a joint statement by the UK insurers. On Monday, the boards of both companies announced they had reached agreement on the terms of a cash and shares approach first made by Aviva earlier this month. ...

Will Aviva & Direct Line merge?

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. Aviva has agreed to pay the equivalent of £2.75 per Direct Line shares, valuing the smaller company at £3.7bn. ...

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