Direct Line agrees £3.7bn Aviva takeover deal - MSN

Direct Line's board has given the green light to Aviva's £3.7bn acquisition proposal, signalling the end of its tenure as an independent entity. In a statement released to the stock exchange this ...


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Direct Line Agrees £3.7bn Aviva Takeover Deal - MSN

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Direct Line's board has given the green light to Aviva's £3.7bn acquisition proposal, signalling the end of its tenure as an independent entity. In a statement released to the stock exchange this ...

msn.com

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Direct Line Agrees £3.7bn Aviva Takeover - MSN

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Direct Line’s board has agreed to accept Aviva’s £3.7bn takeover of the insurer, bringing to an end the firm’s run as an independent company. In a stock exchange announcement this …

msn.com

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Aviva Agrees To Buy Direct Line For £3.7bn - MSN

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Aviva has agreed a deal to buy rival company Direct Line for £3.7bn ahead of a Christmas Day deadline. ... Aviva will pay 129.7 pence in cash and 0.2867 of its own shares for each Direct …

msn.com

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Aviva And Direct Line Agree £3.7bn Insurance Tie-up - MSN

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Aviva has agreed a deal to buy rival insurer Direct Line in a £3.7 billion swoop. The FTSE 100 insurer is set to purchase its smaller competitor after a £3.3 billion was bid turned down in …

msn.com

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Direct Line Agrees £3.7bn Aviva Takeover Ahead Of Christmas …

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Aviva has finally struck a deal to acquire fellow insurer Direct Line for £3.7billion, ahead of Christmas Day deadline. Britain's largest life insurer made a £3.3billion approach in November ...

msn.com

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Aviva's £3.7bn Direct Line Takeover Triggers Warning Over 2,300

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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 Christmas Day …

msn.com

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How Aviva Won Direct Line In Eight Days - Financial Times

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Dec 6, 2024  · After three offers from Aviva, the first of which was only made public last week, Direct Line’s board agreed late on Thursday to a £3.6bn takeover with its larger rival.

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Direct Line Agrees To Aviva’s Sweetened $4.6 Billion Takeover …

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Direct Line agreed to an improved takeover bid from Aviva valuing the nonlife insurer at 3.61 billion pounds ($4.61 billion), the companies said. Insurer and asset manager Aviva won over …

msn.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 Buys Direct Line, Gaining Share Of The UK Motor Insurance

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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 motor …

msn.com

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Insurance Giant Aviva Agrees To Buy Direct Line For $4.6 Billion - MSN

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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 statement ...

msn.com

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Can This Takeover News Give Aviva Shares The Boost We’ve Been

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The final terms of the agreement mean Direct Line shareholders will receive 0.2867 new Aviva shares, as well as 129.7p in cash, plus “up to 5% in the form of dividend payments” for each …

msn.com

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Aviva Seals £3.6bn Deal To Buy Direct Line - Bbntimes.com

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Direct Line Insurance Group has agreed to a £3.6 billion takeover by its larger competitor, Aviva. This development comes after Aviva revised its initial bid, which had been previously rejected …

bbntimes.com

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Insurance Giant Aviva Agrees To Buy Direct Line For $4.6 Billion

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Dec 6, 2024  · If approved by shareholders, the takeover will see Aviva pay 129.7 pence per Direct Line share in cash. Direct Line's shareholders will also receive shares in Aviva equivalent to a …

morningstar.com

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

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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 Agrees £3.6bn Direct Line Takeover - UK Investor Magazine

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Dec 6, 2024  · Insurance giants Aviva and Direct Line have announced an agreement for the takeover of Direct Line by Aviva after a revised bid was accepted by Direct Line. The proposed …

ukinvestormagazine.co.uk

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Direct Line Accepts £3.6bn Takeover Offer From Aviva, Creating ...

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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 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

FAQs about Direct Line agrees £3.7bn Aviva takeover deal - MSN Coupon?

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 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. ...

Did direct line reject Aviva's £3.3bn bid?

Direct Line rejected a £3.3bn bid from Aviva last month. Direct Line’s board has agreed to accept Aviva’s £3.7bn takeover of the insurer, bringing to an end the firm’s run as an independent company. In a stock exchange announcement this morning, Direct Line’s board endorsed Aviva’s latest £3.7bn offer for the business. ...

What is Direct Line's Aviva deal?

In a stock exchange announcement this morning, Direct Line’s board endorsed Aviva’s latest £3.7bn offer for the business. Under the terms of the deal, shareholders will receive 0.2867 Aviva shares, along with 129.7p in cash and a dividend of up to 5p a share. ...

How much will Aviva pay in a direct line takeover?

The takeover will see Aviva pay 129.7 pence in cash and 0.2867 of its own shares for each Direct Line share. It will also pay up to 5p in dividend payments per share as part of the deal. Aviva shareholders will own approximately 87.5% of the new company while Direct Line shareholders will own about 12.5%. ...

Will direct line insurance group take over Aviva?

Direct Line Insurance Group shares increased 7% on Friday having increased by 36% in the year-to-date on speculation surrounding a possible takeover. Aviva shares were down fractionally on Friday having gained 12% this year. If approved by shareholders, the takeover will see Aviva pay 129.7 pence per Direct Line share in cash. ...

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