Aviva to buy Direct Line in £3.7 bln deal - Investing.com India

Dec 23, 2024 · Investing.com -- Aviva (LON: AV) said on Monday that it has reached a definitive agreement to buy Direct Line Insurance Group (LON: DLGD) in a cash-and-share transaction …

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

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Dec 23, 2024 · Investing.com -- Aviva (LON: AV) said on Monday that it has reached a definitive agreement to buy Direct Line Insurance Group (LON: DLGD) in a cash-and-share transaction …

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Aviva To Acquire Direct Line In £3.7 Billion Deal - Investing.com India

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Dec 23, 2024 · LONDON - Aviva (LON: AV) PLC, a leading UK-based insurance group, has reached an agreement to acquire Direct Line (LON: DLGD) Insurance Group plc in a …

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

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Dec 23, 2024 · 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 …

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Aviva Acquires Direct Line In £3.7 Billion Cash And Share Deal

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Dec 23, 2024 · Despite this early strategic progress, the Direct Line Directors do not believe that Direct Line’s share price and valuation was appropriately reflecting the potential for the …

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Aviva To Acquire Direct Line In £3.7 Billion Deal - Investing.com

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Dec 23, 2024 · Under the terms of the acquisition, Direct Line shareholders will receive 0.2867 new Aviva shares, 129.7 pence in cash, and up to 5 pence in dividend payments per Direct …

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Aviva's Strategic Acquisition Of Direct Line For £3.7 Billion

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Dec 23, 2024 · Aviva's Acquisition of Direct Line: A Strategic Move. Aviva has officially announced its decision to acquire Direct Line Insurance Group in a major deal valued at approximately …

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

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Dec 23, 2024 · 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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UK Insurer Aviva To Shed Up To 2,300 Jobs In $4.65 Billion Direct …

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Dec 23, 2024 · 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 …

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Aviva To Acquire Direct Line In £3.7 Billion Deal - Ng.investing.com

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Dec 23, 2024 · LONDON - Aviva (LON: AV) PLC, a leading UK-based insurance group, has reached an agreement to acquire Direct Line (LON: DLGD) Insurance Group plc in a …

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Aviva's Strategic Move To Acquire Direct Line For £3.7 Billion

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Dec 23, 2024 · Aviva Set to Acquire Direct Line in a Major Move. In a significant development for the UK insurance market, Aviva PLC is poised to acquire Direct Line Insurance Group plc in a …

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

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Dec 24, 2024 · Under the terms of the deal, Direct Line shareholders will receive a mix of cash and shares: 0.2867 new Aviva shares, 129.7p in cash, and up to 5p in dividends. Aviva will …

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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 To Acquire Direct Line In £3.7 Billion Deal

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Dec 23, 2024 · Aviva has reached an agreement to acquire Direct Line Insurance Group in a £3.7 billion (US$4.63 billion) cash-and-stock deal. The company says the move will bring together a …

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Aviva Reaches Agreement To Acquire Direct Line - Coverager.com

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According to Bloomberg, Aviva reached a preliminary agreement to buy Direct Line Group for £3.6 billion ($4.6 billion). Late last month, Direct Line rejected a £3.3 billion ($4.2 billion) acquisition …

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FAQs about Aviva to buy Direct Line in £3.7 bln deal - Investing.com India Coupon?

Will Aviva buy direct line?

Investing.com -- Aviva plc (LON: AV) has reached a preliminary agreement with Direct Line Insurance Group plc (LON: DLGD) to buy the entire share capital of Direct Line , as per a joint statement. Under the terms of the proposal, Direct Line shareholders would receive a combination of cash, shares in Aviva, and potential dividend payments. ...

What will direct line shareholders receive from Aviva?

Under the terms of the proposal, Direct Line shareholders would receive a combination of cash, shares in Aviva, and potential dividend payments. Specifically, Aviva plans to offer 129.7 pence per Direct Line share in cash, funded by its internally available resources, along with 0.2867 new Aviva shares for each Direct Line share. ...

Is Aviva taking over direct line Insurance Group plc?

(Alliance News) - Aviva PLC on Monday sad it has agreed a GBP3.7 billion takeover of car and home insurer Direct Line Insurance Group PLC. The cash and shares offer values each Direct Line share at 275 pence. They were trading 3.0% higher at 250.40p each in London on Monday morning. ...

How many employees did Aviva have in 2023?

Aviva had just over 23,000 employees at the end of 2023 while Direct line had just over 10,000, according to the companies' annual reports. Analysts said the terms of the deal were in line with expectations, and Aviva shares rose 0.5% on Monday following the announcement of the agreement. ...

Will direct line merge with Aviva?

Mr Winslow described Direct Line as an "excellent business, home to many well-loved insurance brands, and this year we have made fast progress on our turnaround strategy". He believes that merging Direct Line and Aviva would result in a stronger, larger business, as both companies share a deep commitment to customer service and employee support. ...

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. ...