UK insurer Aviva to shed up to 2,300 jobs in $4.65 billion Direct …

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

5 days from now

1 day 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 …

yahoo.com

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Aviva's Direct Line Takeover Triggers Warning Over 2,300 Jobs At Risk

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16 hours ago  · Insurance giant Aviva has agreed a takeover of Direct Line in a £3.7bn deal that puts around 2,300 jobs at risk. The offer was thrashed out over the weekend to beat a …

thisismoney.co.uk

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2,000 Jobs Set To Be Lost In Aviva’s £3.7bn Takeover Of Direct Line

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1 day ago  · Up to 2,300 jobs could be lost through the £3.7bn takeover of Direct Line by Aviva, its larger rival, according to a joint statement by the UK insurers. ... putting as many as 2,300 jobs …

ft.com

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

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1 day 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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Aviva Deal For Direct Line Puts Thousands Of Jobs At Risk

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2 days ago  · Aviva has agreed to buy rival insurer Direct Line in a deal worth £3.7 billion, with up to 2,300 job cuts planned as the companies aim for £125 million in cost savings. Aviva, the …

heraldscotland.com

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

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2 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 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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Aviva Agrees Deal To Buy Direct Line For £3.7bn, Putting 2,300 ...

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1 day ago  · Aviva agrees deal to buy Direct Line for £3.7bn, putting 2,300 insurance jobs at risk The Guardian | December 24, 2024 Aviva has agreed to buy the rival insurer Direct Line for …

magzter.com

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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.

rte.ie

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

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1 day 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.

fortune.com

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Hundreds Of Jobs At Risk From Aviva’s £3.6bn Takeover Of Direct Line

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Dec 13, 2024  · Hundreds of jobs are at risk from Aviva’s proposed £3.6bn takeover of Direct Line, as the insurance giants rush to combine ahead of a crunch Christmas deadline. The merger to …

telegraph.co.uk

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Aviva’s £3.7bn Direct Line Deal Means 2,300 Job Cuts

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1 day ago  · The deal includes plans to cut up to 2,300 jobs as the companies aim for £125m in cost savings annually. Under the agreement, Aviva will pay £2.75 per Direct Line share …

whatjobs.com

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Aviva Agrees Deal To Buy Direct Line For £3.7bn, Putting 2,300 ...

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1 day ago  · Aviva agrees deal to buy Direct Line for £3.7bn, putting 2,300 insurance jobs at risk 2024-12-24 - Jasper Jolly Aviva has agreed to buy the rival insurer Direct Line for £3.7bn, with …

pressreader.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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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

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Aviva Looks Set To Buy Direct Line In £3.6bn Deal - Yourmoney.com

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Dec 6, 2024  · A preliminary agreement has been reached after Aviva made a third offer that valued Direct Line at 275p per share. Direct Line previously rejected a 250p per share bid, …

yourmoney.com

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Aviva Agrees Deal To Acquire Direct Line For £3.6bn - Citywire

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Dec 6, 2024  · Direct Line shareholders would own approximately 12.5% of the issued share capital of Aviva following the deal. The statement said the Direct Line board believes that ‘in …

citywire.com

FAQs about UK insurer Aviva to shed up to 2,300 jobs in $4.65 billion Direct … Coupon?

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 ...

Will Aviva buy direct line for £3.7bn?

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 competitor a few weeks after a £3.3bn bid was turned down in November. ...

What happens after Aviva buys direct line?

After the deal, Aviva shareholders will own 87.5 per cent of the combined company and Direct Line investors 12.5 per cent. Further details will emerge in the full offer document in February. Shareholders vote on the deal in March and investors owning 75 per cent of shares in each company must approve the takeover for it to pass. ...

Should Aviva offer a direct line offer?

"The Direct Line offer represents a swift conclusion at a fair price, which we see as the best possible outcome, as it avoids the need for Aviva to pursue a hostile bid," Jefferies analyst Philip Kett said in a note to clients. ...

How many jobs could be lost by Aviva's £3.7bn takeover of direct line?

Up to 2,300 jobs could be lost through the £3.7bn takeover of Direct Line by Aviva, its larger rival, according to a joint statement by the UK insurers. On Monday, the boards of both companies announced they had reached agreement on the terms of a cash and shares approach first made by Aviva earlier this month. ...

How much does Aviva pay a direct line shareholder?

Aviva will pay 129.7 pence in cash and 0.2867 of its own shares for each Direct Line share as part of the takeover. 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. ...

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