Aviva set to buy Direct Line to create $21 billion British insurer

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

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LONDON (Reuters) -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 …

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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 …

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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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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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Direct Line Set To Accept Sweetened Aviva Takeover Bid

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Dec 6, 2024 · 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. It's not the first time Aviva has tried to …

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

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16 hours ago · (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 Set To Buy Direct Line To Create $21 Billion British Insurer

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Dec 6, 2024 · Direct Line is poised to recommend a sweetened £3.61 billion takeover bid from Aviva, valuing the company at 275 pence per share. If accepted, the deal would create a major …

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Aviva Reaches Initial £3.6 Billion Deal To Buy Direct Line

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Dec 6, 2024 · A joint statement indicates Aviva paying in the region of £3.5 billion via cash and shares, valuing Direct Line at 2.8x its 2023 tangible equity (when the latter made a negative …

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

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23 hours 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 …

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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 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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Aviva Enters Preliminary Deal On £3.6bn Direct Line Buyout

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Dec 6, 2024 · British motor insurer Direct Line has signed a preliminary agreement on the financial terms for a sweetened buyout bid of £3.6bn ($4.6bn), or 275 pence per share, from …

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

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23 hours 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 …

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Aviva Reaches Initial £3.6 Billion Deal To Buy Direct Line - Yahoo …

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Dec 6, 2024 · (Bloomberg) -- 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 …

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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 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 Agrees Direct Line Insurance Takeover In GBP3.7 Billion Deal

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15 hours ago · Aviva, Direct Line Insurance Agree on Terms of Potential Merger Dec. 06: MT Aviva set to buy Direct Line after $4.60 billion sweetened bid Dec. 06: RE Aviva Said to …

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

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12 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 U.K. business.

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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 …

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FTSE 100 Live: Index Up; GDP Stalls; Aviva Firms Up Direct Line Deal

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15 hours ago · Direct Line Insurance Group PLC (LON: DLGD) (LSE:DLG) shares jumped after Aviva PLC (LSE:AV.) firmed up a £3.7 billion deal to buy the FTSE 250-listed insurer. Having …

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Invesco Ltd: Form 8.3 - Direct Line Insurance Group PLC; Public …

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9 hours ago · Aviva, Direct Line Insurance Agree on Terms of Potential Merger Dec. 06: MT Aviva set to buy Direct Line after $4.60 billion sweetened bid Dec. 06: RE Aviva Said to Sweeten …

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FAQs about Aviva set to buy Direct Line to create $21 billion British insurer Coupon?

Will Aviva buy direct line?

December 12, 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 motor insurer. ...

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. ...

Did direct line reject a £3.3bn bid from Aviva?

Direct Line rejected a £3.3bn bid from Aviva last week. Direct Line is set to agree to a takeover by its bigger rival Aviva after the FTSE 100 firm returned with a sweetened bid for the company today. In a joint statement to the market this morning, the two firms said they had struck a deal for the FTSE 100 insurance firm to buy its [...] ...

How much money will direct line shareholders get from Aviva?

Direct Line shareholders would get 129.7 pence in cash and 0.2867 new Aviva shares per Direct Line share, leaving them owning about 12.5% of the combined company. Motor and home insurer Direct Line's shares soared more than 40% last week on news of the takeover interest. ...

Will direct line's board endorse a buyout offer from Aviva?

After discussions with advisers and shareholders, Direct Line’s board is inclined to endorse the offer. Credit: T. Schneider/Shutterstock. British motor insurer Direct Line has signed a preliminary agreement on the financial terms for a sweetened buyout bid of £3.6bn ($4.6bn), or 275 pence per share, from Aviva. ...

Why did Aviva announce a £3bn deal with a smaller competitor?

The insurance firm announced the agreement with its smaller competitor a few weeks after a £3.3bn bid was turned down in November. A deal for the two firms would make them a force in motor insurance, estimated to cover more than 20% of the UK market. Aviva's chief executive Amanda Blanc welcomed the deal as "excellent news". ...