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

6 days ago · 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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6 days ago · 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

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6 days ago · 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 To Acquire Direct Line In £3.7 Billion Deal - Investing.com India

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6 days ago · 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 transaction valued …

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

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6 days ago · 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 Line …

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

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6 days ago · Aviva’s proposed £125 million cost savings from its Direct Line acquisition is just 14% of the UK auto insurer’s 2023 costs and looks modest as the deal faces a variety of …

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

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6 days ago · 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 transaction valued …

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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 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 ...

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

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6 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 …

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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?

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 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. ...

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 is Aviva Direct?

Aviva Direct is an insurance service that provides you with the coverage you need, support when you want it, and expediency throughout the process. ...

Does Aviva pay dividends?

It will also pay up to 5p in dividend payments per share to Direct Line shareholders, with Aviva shareholders owning 87.5% of the new company and Direct Line shareholders the rest. The merger is due to be completed in the middle of next year, after shareholders vote on the deal in March. ...

Can Aviva change the terms of an offer?

Aviva has made it clear that it reserves the right to modify the terms of the offer or introduce different forms of consideration before making a firm bid, and has stated that any adjustments could reflect changes to the transaction terms, including potential dividends or other shareholder actions by Direct Line. ...