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

2 days ago  · LONDON, Dec 23 (Reuters) - British insurer Aviva (AV.L), opens new tab could cut up to 2,300 jobs as it takes over smaller rival Direct Line (DLGD.L), opens new tab in a 3.7 …


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

4 days from now

2 days ago  · LONDON, Dec 23 (Reuters) - British insurer Aviva (AV.L), opens new tab could cut up to 2,300 jobs as it takes over smaller rival Direct Line (DLGD.L), opens new tab in a 3.7 …

reuters.com

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Direct Line Backs £3.6bn Takeover Move By Rival Aviva - MSN

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Direct Line has said it plans to back a takeover move by rival insurance firm Aviva. The firms said they have reached an initial agreement over a cash-and-shares deal valuing Direct Line at …

msn.com

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

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3 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 Agrees To Buy Direct Line In £3.6bn Insurance Deal

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Dec 6, 2024  · Aviva, the UK insurance heavyweight, has agreed a £3.6bn takeover deal with Direct Line, after winning over its smaller rival with a sweetened bid.

ft.com

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FTSE 100 Live: UK Economy Stalled In Q3, Direct Line £3.7bn …

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Aviva has reached agreement over the £3.7 billion takeover of rival Direct Line. The deal values each Direct Line share at 275p, a 73% premium to its price before bid interest became known …

standard.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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2 days ago  · Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Up to 2,300 jobs could be lost through the £3.7bn takeover of Direct Line by Aviva, its larger …

ft.com

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

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2 days ago  · 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.

bloomberg.com

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Aviva Strikes £3.6bn Deal To Buy Motor Insurance Rival Direct Line

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Dec 6, 2024  · A £3.6bn dea l to create one of Britain’s biggest car insurers has raised fears of higher prices. Direct Line said on Friday it had agreed a provisional 275p a share takeover …

telegraph.co.uk

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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.

ft.com

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

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2 days ago  · December 23, 2024 at 8:13am GMT. 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 …

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

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1 day 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 Christmas …

thisismoney.co.uk

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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 Bold Move: £3.61B Direct Line Acquisition

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Dec 6, 2024  · It had previously rejected a 239-pence-per-share bid from Belgian rival Ageas in June. According to British takeover rules, Aviva has until Dec. 25 to make a firm offer or walk …

globalbankingandfinance.com

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Aviva And Direct Line £3.6bn Takeover Deal Explained

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Dec 15, 2024  · Aviva and Direct Line Group: Aviva is in the second position with 10.6% of the market. Direct Line Group, which includes well-known brands like Churchill and Darwin, is very …

freepricecompare.com

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Aviva Reaches Initial £3.6 Billion Deal To Buy Direct Line - Yahoo …

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Dec 6, 2024  · (Bloomberg) -- 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 …

yahoo.com

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Direct Line Deal 'Christmas Come Early' For Investors But Not Staff

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2 days ago  · Aviva’s £3.7 billion agreed takeover of Direct Line is being hailed by one City analyst as “Christmas come early” for investors in the company being acquired but, for employees of …

heraldscotland.com

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Direct Line Shares Soar 41% As It Rejects Aviva's $4.2 Bln Takeover Bid

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Nov 27, 2024  · Direct Line shares soared 41% on Thursday after it rejected a 3.28 billion pound ($4.15 billion) takeover bid from rival Aviva , as analysts expect a bidding war over the British …

reuters.com

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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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Direct Line Accepts £3.6bn Takeover Offer From Rival Aviva In Move …

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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

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

Will direct line back Aviva's takeover move?

Direct Line has said it plans to back a takeover move by rival insurance firm Aviva. The firms said they have reached an initial agreement over a cash-and-shares deal valuing Direct Line at £3.61 billion, or 275p per share. Aviva made the sweetened approach after seeing a £3.3 billion takeover tilt rebuffed last month. ...

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 a £3.3bn bid from Aviva?

Direct Line rejected a £3.3bn bid from Aviva last week. Direct Line is set to agree to a takeover by its bigger rival Aviva after the FTSE 100 firm returned with a sweetened bid for the company today. In a joint statement to the market this morning, the two firms said they had struck a deal for the FTSE 100 insurance firm to buy its [...] ...

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 Direct Line & Aviva merge?

Now, Direct Line has indicated it would be inclined to back the move, which would see Aviva pay 129.7p in cash and 0.2867 of its own shares for each Direct Line share. A merger between the two firms would create a significant player in the motor insurance sector, estimated to cover over a fifth of the total UK market. ...

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