Offer for Direct Line Insurance Group plc - Aviva plc

The Information may contain certain "forward‑looking statements" regarding the financial position, business strategy or plans for future operations of Direct Line, Aviva and their respective group …


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

4 weeks from now

Dec 23, 2024  · (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. …

bnnbloomberg.ca

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

4 weeks from now

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 …

mirror.co.uk

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

4 weeks from now

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 …

bmmagazine.co.uk

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

4 weeks from now

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

4 weeks from now

Dec 23, 2024  · 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 Reaches Preliminary Deal With Direct Line On Takeover

4 weeks from now

Dec 5, 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.

bloomberg.com

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Aviva Reaches Initial £3.6 Billion Deal To Buy Direct Line

4 weeks from now

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 …

insurancejournal.com

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Aviva Makes Firm $4.7 Billion Offer For Direct Line - WSJ

4 weeks from now

Aviva formalized the terms of its takeover offer for Direct Line, which values the non-life insurer at around 3.7 billion pounds ($4.65 billion). Insurer and asset manager Aviva won over its ...

wsj.com

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

4 weeks from now

Dec 24, 2024  · 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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Aviva To Acquire Direct Line In £3.7 Billion Deal

4 weeks from now

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 …

captiveinsurancetimes.com

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

4 weeks from now

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 …

directorstalkinterviews.com

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Aviva Set To Buy Direct Line To Create $21 Billion British Insurer

4 weeks from now

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 …

globalbankingandfinance.com

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

4 weeks from now

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 …

investing.com

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

4 weeks from now

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 To Acquire Direct Line For £3.7bn - Lawyer-monthly.com

4 weeks from now

Dec 25, 2024  · Aviva buys Direct Line for £3.7 billion. Aviva has reached an agreement to acquire its competitor Direct Line for £3.7 billion, ahead of a deadline set for Christmas Day. The …

lawyer-monthly.com

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Aviva Reaches Agreement To Acquire Direct Line - Coverager.com

4 weeks from now

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 …

coverager.com

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Aviva To Acquire Direct Line In £3.7bn Deal To Enhance UK …

4 weeks from now

5 days ago  · Aviva, a leading insurance company, has successfully agreed to acquire Direct Line Group, valuing the latter at approximately £3.7bn. According to Coverager, the acquisition …

fintech.global

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Does Acquiring Direct Line Make Aviva Shares A Buy?

4 weeks from now

4 days ago  · Acquiring Direct Line at a 22% discount to where the stock was five years ago looks like a smart move. But it doesn’t put me any closer to wanting to buy Aviva shares.

fool.co.uk

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

4 weeks from now

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 …

investorshangout.com

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

4 weeks from now

Dec 23, 2024  · Aviva Acquires Direct Line in Landmark Deal. Aviva, one of the leading insurers in the UK, has announced a groundbreaking agreement to acquire its smaller rival, Direct Line, in …

indexbox.io

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

4 weeks from now

Dec 23, 2024  · Aviva's acquisition of Direct Line for £3.7 billion strengthens its market position. The deal promises significant value for shareholders and enhanced customer service. ...

investorshangout.com

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Aviva's Strategic Move To Acquire Direct Line For $4.65 Billion

4 weeks from now

Dec 23, 2024  · The total value of the acquisition deal between Aviva and Direct Line is £3.7 billion, which is approximately $4.65 billion. ... Aviva's Strategic Move to Acquire Direct Line for …

investorshangout.com

FAQs about Offer for Direct Line Insurance Group plc - Aviva plc Coupon?

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. ...

Does direct line agree to Aviva's £3.7bn takeover offer?

Direct Line agrees to £3.7bn takeover by Aviva We use your sign-up to provide content in ways you’ve consented to and improve our understanding of you. This may include adverts from us and third parties based on our knowledge of you. More info Direct Line's board has given the green light to Aviva's £3.7bn takeover offer. ...

What will direct line shareholders receive from Aviva?

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 own approximately 87.5 per cent of the newly merged company upon completion. Shares in Aviva closed up 1.1 per cent at 462½p, while Direct Line gained 3.8 per cent to 252½p. ...

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. ...

How did Direct Line's share price compare to Aviva's stock?

Direct Line shares rose as much as 8.5% in London, while Aviva’s stock was broadly unchanged. Bloomberg News had also reported on Thursday that Aviva boosted its initial bid for Direct Line to about 261 pence per share. That’s up from its initial cash and stock bid of 250 pence per share, or £3.3 billion, which was rejected as “opportunistic.” ...

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. ...

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