Aviva buys Direct Line, gaining share of the UK motor insurance …

2 days ago  · Aviva has agreed to pay £3.7bn for rival company (€4.5bn) in time for the Christmas Day deadline. The deal will pave the way for the combined group to own a fifth of the UK …


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Aviva Buys Direct Line, Gaining Share Of The UK Motor Insurance …

4 days from now

2 days ago  · Aviva has agreed to pay £3.7bn for rival company (€4.5bn) in time for the Christmas Day deadline. The deal will pave the way for the combined group to own a fifth of the UK …

euronews.com

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

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3 days 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 …

bnnbloomberg.ca

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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  · British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a cash-and-stock deal, the companies said, creating the UK's largest home and motor …

reuters.com

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

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3 days ago  · Finance · Insurance. 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 …

fortune.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  · 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 …

yahoo.com

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Aviva Agrees To Buy Direct Line In £3.6bn Insurance Deal

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Dec 6, 2024  · Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Aviva, the UK insurance heavyweight, has agreed a £3.6bn takeover deal with …

ft.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 Strikes £3.6bn Deal To Buy Motor Insurance Rival Direct Line

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Dec 6, 2024  · A £3.6bn dea l to create one of Britain’s biggest car insurers has raised fears of higher prices. Direct Line said on Friday it had agreed a provisional 275p a share takeover …

telegraph.co.uk

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Aviva Set To Buy Direct Line To Create £16.7 Billion British Insurer

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Dec 6, 2024  · BRITISH insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened £3.6 billion (S$6.2 billion) cash-and-stock deal that will create the UK’s largest home and …

businesstimes.com.sg

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

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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.Each Direct Line …

insurancejournal.com

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

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3 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 …

telegraph.co.uk

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FTSE 100 Live: UK Economy Stalled In Q3, Direct Line £3.7bn …

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Aviva share rose 0.7p to 457.9p after confirming its £3.7 billion deal to buy Direct Line, while its target’s share price lifted 3% or 7.4p to 250.6p in the FTSE 250 index.

standard.co.uk

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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 …

lifeinsuranceinternational.com

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Aviva Reaches Initial £3.6 Billion Deal To Buy Direct Line

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Dec 6, 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.

insurancejournal.com

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

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Dec 6, 2024  · The deal will see the combined entity control more than 20% of the motor insurance market, as well as offering Aviva the opportunity to guide Direct Line’s ongoing business …

moneyweek.com

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

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3 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 Agrees £3.7bn Deal To Acquire Direct Line, Forming A UK …

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2 days ago  · Aviva has struck a definitive agreement to purchase Direct Line for £3.7 billion, creating one of the largest motor insurance providers in Britain. The FTSE 100 insurer will pay …

bmmagazine.co.uk

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Aviva Agrees Takeover Of Direct Line - What It Means For Your …

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3 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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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 …

marketwatch.com

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Aviva Agrees To Buy UK Insurer Direct Line For £3.7 Billion (3)

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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.. Each Direct Line …

bloomberglaw.com

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Direct Line Accepts £3.6bn Takeover Offer From Rival Aviva In Move …

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Dec 6, 2024  · DIRECT LINE has accepted a £3.6billion takeover offer from rival Aviva in a move that will create a home and car insurance giant. Aviva sweetened its bid to 275p-a-share …

thesun.co.uk

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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 …

yahoo.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  · Aviva said it had struck a deal to buy troubled insurance rival Direct Line for £3.75bn after intensive talks over the weekend but warned it would be looking for cost savings via job …

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

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Dec 5, 2024  · Aviva Plc has increased its offer for Direct Line Insurance Group Plc to about £3.4 billion ($4.4 billion), days after its initial proposal to buy the UK motor insurer was rejected, …

insurancejournal.com

FAQs about Aviva buys Direct Line, gaining share of the UK motor insurance … 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. ...

Could direct line & Aviva become UK's largest motor insurer?

Combined, Direct Line and Aviva could become the UK’s largest motor insurer, past their competitor Admiral, according to some estimates. Bloomberg Intelligence has said previously that the deal could double Aviva’s share in that market. ...

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 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... To continue… Sign up to read this article free ...

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). ...

What happened to Aviva-direct line shares in London?

Direct Line shares jumped as much as 3.6% in London trading on Monday, extending their gains to about 58% since the initial Nov. 27 report on Aviva’s pursuit, when they closed at 158.70 pence. Aviva shares have declined about 6.2% in the same period. Aviva-Direct Line Deal Faces Risks With Moderate Savings: React ...

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