Aviva Agrees to Buy UK Insurer Direct Line for £3.7 Billion

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

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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 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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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 · 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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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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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 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 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 Direct Line In Sweetened £3.6bn Deal

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Dec 6, 2024 · Aviva has agreed a £3.6bn takeover deal with Direct Line, after winning over its smaller rival with an improved bid. Aviva, the UK’s largest insurer which also holds an equity …

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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 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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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 Agrees to Buy UK Insurer Direct Line for £3.7 Billion 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. ...

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. ...

Will Aviva pay 275p per share?

The bid, which values Direct Line at £3.6bn, entails Aviva paying 275p per share. This comes after Direct Line rejected Aviva’s lower offer of 250p last week, stating that it “substantially undervalued the company”. On the terms of the new offer, Aviva would pay 129.7p in cash, and 0.2867 new Aviva shares would be issued for each Direct Line share. ...

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. ...

What's in Aviva's 'direct line' bid?

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 premium to its pre-offer closing share price on 27 November. ...

Will d irect line take over Aviva?

D irect 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 smaller rival for 275p per share. ...